Brack Capital Real Estate Inv N.V Increase in credit rating of subsidiary (1901S)

TIDMBCRE

RNS Number : 1901S

Brack Capital Real Estate Inv N.V

15 March 2016

BCRE - Brack Capital Real Estate Investments N.V.

("BCRE" or the "Company")

Increase in credit rating of subsidiary

The Company is pleased to announce that Standard & Poor's Maalot, a credit rating agency accredited by Israel, has increased the credit rating of Brack Capital Properties N.V., a subsidiary of the Company whose shares are traded on the Tel Aviv Stock Exchange, and its existing debentures to ilAA- from ilA+, with stable outlook.

ENQUIRIES:

 
 BCRE - Brack Capital Real Estate 
  Investments N.V. 
 Ariel Podrojski, Chief Executive 
  Officer 
 Nansia Koutsou, Chief Financial        +31 20 514 
  Officer / Chief Operating Officer           1004 
 
 Novella Communications 
 Tim Robertson 
                                       +44 203 151 
 Ben Heath                                    7008

About BCRE

BCRE is an international real estate development and investment group, headquartered in the Netherlands and listed on the London Stock Exchange. Through its subsidiary and associated undertakings, the Company is interested in, develops and operates an international portfolio of real estate assets, predominantly located in the USA, Germany, Russia, India and the UK.

The Company has established local management team platforms with significant local market expertise in the US, Germany, Russia, India and the UK with exclusive access to over 400 staff. At present, the Company has offices and teams in New York, London, Frankfurt, Düsseldorf, Moscow, Kazan, New Delhi, Amsterdam, Limassol and Budapest.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 15, 2016 11:45 ET (15:45 GMT)

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