Brack Capital Real Estate Inv N.V Credit rating review (1682G)
May 24 2017 - 1:29PM
UK Regulatory
TIDMBCRE
RNS Number : 1682G
Brack Capital Real Estate Inv N.V
24 May 2017
24 May 2017
BCRE - Brack Capital Real Estate Investments N.V.
("BCRE" or the "Company")
Midroog places the Company's Series A, B and C bonds
("Bonds")
under credit review
The Company announces that Midroog, the credit rating agency
accredited by Israel and a subsidiary of Moody's Investors Service
Inc., places under credit review with negative implications the
rating of the Company's Bonds, currently rated A2 on a local
Israeli scale with a negative outlook, while it examines the
potential impact on the Company's risk profile following the
Company's sale of all the shares held in the issued and outstanding
share capital of Brack Capital Properties N.V. ("BCP*), whose
shares are traded on the Tel Aviv Stock Exchange.
*For further details regarding the Company's divestment of BCP,
refer to the announcement released by the Company on 23 May 2017
"Sale of shares in Brack Capital Properties N.V."
ENQUIRIES:
BCRE - Brack Capital Real Estate
Investments N.V.
Ariel Podrojski, Chief Executive
Officer
Nansia Koutsou, Chief Financial Officer +31 20 514
/ Chief Operating Officer 1004
Novella Communications
Tim Robertson
+44 203 151
Toby Andrews 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 in the markets it
operates.
The Company has established local management team platforms with
significant local market expertise. At present, the Company has
offices and teams in New York, London, Moscow, Kazan, New Delhi,
Amsterdam and Limassol.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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May 24, 2017 13:29 ET (17:29 GMT)
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