Tritax EuroBox PLC Fitch upgrades senior unsecured rating (2710E)
March 10 2022 - 2:00AM
UK Regulatory
TIDMEBOX TIDMBOXE
RNS Number : 2710E
Tritax EuroBox PLC
10 March 2022
10 March 2022
FITCH RATINGS LIMITED UPGRADES TRITAX EUROBOX'S SENIOR UNSECURED
RATING
Tritax EuroBox plc (EuroBox or the Company), which invests in a
high-quality portfolio of very large, prime logistics real estate
assets strategically located across continental Europe, announces
that Fitch Ratings Limited (Fitch) has upgraded its senior
unsecured rating to BBB from BBB-. Fitch has also affirmed
EuroBox's Long-Term Issuer Default Rating (IDR) at BBB- with stable
outlook.
Mehdi Bourassi, Finance Director of Tritax EuroBox,
commented:
"We are pleased with this upgrade, which reflects the positive
momentum for the Company and the market in which it operates. All
of EuroBox's existing debt is senior unsecured, and the positive
ratings trajectory provides a compelling backdrop for incremental
senior unsecured debt issuance in the future.
We remain committed to our disciplined approach to our capital
structure and our conservative financial policy targets, and will
continue to focus on the resilience and diversity of our funding
mix in the future."
For further information please contact:
Tritax Group
+44 (0) 20 8051 5070
Nick Preston
Mehdi Bourassi
Jo Blackshaw (Investor Relations)
Maitland/AMO (Media enquiries)
James Benjamin
+44 (0) 7747 113 930
tritax-maitland@maitland.co.uk
The Company's LEI is: 213800HK59N7H979QU33.
Notes:
Tritax EuroBox plc invests in and manages a well-diversified
portfolio of well-located Continental European logistics real
estate assets that are expected to deliver an attractive capital
return and secure income to shareholders. These assets fulfil key
roles in the logistics and distribution supply-chain focused on the
most established logistics markets and on the major population
centres across core Continental European countries.
Occupier demand for Continental European logistics assets is in
the midst of a major long-term structural change principally driven
by the growth of e-commerce. This is evidenced by technological
advancements, increased automation and supply-chain
optimisation.
The Company's Manager, Tritax Management LLP, has assembled a
full-service European logistics asset management capability
including specialist "on the ground" asset and property managers
with strong market standings in the Continental European logistics
sector.
Further information on Tritax EuroBox plc is available at
www.tritaxeurobox.co.uk
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END
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