LONDON, May 24, 2017 /PRNewswire/ --
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."
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.
ENQUIRIES:
BCRE - Brack Capital Real Estate Investments N.V.
Ariel Podrojski, Chief Executive Officer
Nansia Koutsou, Chief Financial Officer / Chief Operating
Officer, +31-20-514-1004
Novella Communications
Tim Robertson
Toby Andrews, +44-203-151-7008
This is a disclosure announcement from PR Newswire.