Plaza Centers N.V. STANDARD & POOR'S CREDIT RATING UPDATE FOR NOTES (6732O)
November 08 2016 - 12:30PM
UK Regulatory
TIDMPLAZ
RNS Number : 6732O
Plaza Centers N.V.
08 November 2016
8 November 2016
STANDARD & POOR'S CREDIT RATING UPDATE FOR PLAZA CENTERS'
NOTES
Plaza Centers N.V. ("Plaza" / the "Company") announces that
Standard & Poor's Maalot ("S&P Maalot"), the Israeli credit
rating agency which is a division of Standard & Poor's
International, has updated its credit rating for Plaza's series of
two Notes traded on the Tel Aviv Stock Exchange from "ilBBB-" to
"ilCCC-" on the local Israeli scale. The update follows the
Company's announcement dated 7 November 2016 outlining a proposed
amendment to an early prepayment term under the Restructuring Plan
that was approved by the Dutch court on 9 July 2014.
A full copy of the S&P Maalot 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
Dori Keren, Acting CEO +48 22 231 99 00
FTI Consulting
Dido Laurimore / Claire Turvey / Tom Gough +44 20 3727 1000
Notes to Editors
Plaza Centers N.V. (www.plazacenters.com) is an emerging markets
developer of shopping and entertainment centres. 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, as of 19
October 2007, on the Warsaw Stock Exchange (LSE:"PLAZ", WSE:
"PLZ/PLAZACNTR") and, on the Tel Aviv Stock Exchange. 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 on the NASDAQ Global Market in the
United States. Plaza Centers 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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