Plaza Centers N.V. Credit Rating Update (5575K)
July 31 2013 - 3:15AM
UK Regulatory
TIDMPLAZ
RNS Number : 5575K
Plaza Centers N.V.
31 July 2013
31 July 2013
MIDROOG LTD, AN AFFILIATE OF MOODY'S,
UPDATES CREDIT RATING FOR PLAZA CENTERS' NOTES
Plaza Centers N.V. ("Plaza" or the "Company"), a leading
emerging markets property developer, today announces that Midroog
Ltd. ("Midroog"), the Israeli credit rating agency and affiliate of
Moody's Investors Service, has updated the rating of Plaza's two
Israeli listed series of Notes to "B1" with a negative outlook on a
local Israeli scale. At the Company's request Midroog will
discontinue the rating of Plaza's series of Notes.
A full copy Midroog's report is available at:
http://www.plazacenters.com/index.php?p=financial_reports_2013.
For further details please contact
Plaza
Ran Shtarkman, President and CEO +36 1 462 7221
Roy Linden, CFO +36 1 462 7222
FTI Consulting
Stephanie Highett / Nina Legge +44 20 7831 3113
Notes to Editors
Plaza Centers N.V. (www.plazacenters.com) is a leading emerging
markets developer of shopping and entertainment centres with
operations in Central and Eastern Europe, India and the USA. It
focuses on constructing new centres and, where there is significant
redevelopment potential, redeveloping existing centres in both
capital cities and important regional centres. The Company is dual
listed on the Main Board of the London Stock Exchange and, as of 19
October 2007, the Warsaw Stock Exchange (LSE:"PLAZ", WSE:
"PLZ/PLAZACNTR"). Plaza Centers N.V. is an indirect subsidiary of
Elbit Imaging Ltd. ("EI"), an Israeli public company whose shares
are traded on both the Tel Aviv Stock Exchange in Israel and the
NASDAQ Global Market in the United States. Plaza Centers is a
member of the Europe Israel Group of companies which is controlled
by its founder, Mr Mordechay Zisser. It has been active in real
estate development in emerging markets for over 17 years.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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