DGAP-News: Consus Real Estate AG: S&P Ratings upgraded Consus to 'BB-', outlook stableEQS
Im Artikel erwähnte Wertpapiere: CONSUS Real Estate AG
DGAP-News: CONSUS Real Estate AG
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Consus Real Estate AG: S&P Ratings upgraded Consus to 'BB-', outlook stable
Consus Real Estate AG ("Consus"): S&P Global Ratings (S&P) announced an upgrade of Consus' rating to 'BB-' for the company and 'B+' for the senior secured notes. The outlook remained stable.
The rating upgrade reflects S&P's view that Consus' credit profile is enhanced by its strategic importance to its parent company Adler Group S.A. S&P sees Consus' landbank as a strategic platform to fuel Adler's future growth and develop mainly residential assets in Germany for holding purposes in the medium-to-long term.
The stable outlook reflects S&P's expectation of Consus being able to continue to benefit from the favourable fundamentals of the German residential real estate market and strong demand.
About Consus Real Estate AG
18.12.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||CONSUS Real Estate AG|
|Phone:||+49 (0)30 965 357 90 300|
|Listed:||Regulated Unofficial Market in Dusseldorf, Frankfurt (Scale), Munich (m:access), Stuttgart, Tradegate Exchange|
|EQS News ID:||1156238|
|End of News||DGAP News Service|