Plaza Centers N.V. STANDARD & POOR'S UPDATE CREDIT RATING (7577Q)
March 02 2016 - 3:55AM
UK Regulatory
TIDMPLAZ
RNS Number : 7577Q
Plaza Centers N.V.
02 March 2016
2 March 2016
PLAZA CENTERS N.V.
STANDARD & POOR'S UPDATES CREDIT RATING FOR PLAZA CENTERS'
NOTES
Plaza Centers N.V. (LSE: PLAZ) ("Plaza" / the "Company" / the
"Group"), a leading emerging markets property developer, today
announces that Standard & Poor's Maalot ("Maalot"), the Israeli
credit rating agency which is a division of International Standard
& Poor's, has maintained its credit rating of Plaza's two
series of Notes traded on Tel Aviv Stock Exchange at "ilBBB-" on a
local Israeli scale. In line with current market conditions for the
Company, Maalot has ascribed a negative outlook for the rating.
A full copy of S&P Maalot's report is available at:
http://plazacenters.com/index.php?p=financial_reports_2016
(Currently in Hebrew; an English translation will be available
shortly.)
For further details please contact:
Plaza +36 1 462 7221
Roy Linden +36 1 462 7222
FTI Consulting
Dido Laurimore / Claire Turvey
/ Tom Gough +44 20 3727 1000
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 and India. 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
listed on the Main Board of the London Stock Exchange, the Warsaw
Stock Exchange and, as of 27 November 2014, the Tel Aviv Stock
Exchange (LSE:"PLAZ"; WSE: "PLZ/PLAZACNTR"; TASE: "PLAZ"). 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. It has been active in real estate development
in emerging markets for over 20 years.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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March 02, 2016 03:55 ET (08:55 GMT)
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