Moody’s affirms Ba1 rating for EPP

Moody’s affirms Ba1 rating for EPP

Published at: 2018-11-15 09:05 | Author: CIJEurope.com
Moody’s Investors Service has affirmed its Ba1 corporate family rating for EPP, the largest retail property owner in Poland. Moody’s indicated that the rating is supported by EPP’s solid portfolio of large shopping centers in major Polish cities that are well positioned within their catchment areas. The company’s cash flow and asset values are supported by favorable macroeconomic fundamentals and strong underlying demand drives for its properties. “We are very pleased with Moody’s decision to confirm EPP’s rating. It reflects the strong fundamentals and stable outlook of our business. It also allows us to be confident while planning the further development of our assets and diversification of funding resources” said Jacek Bagiński, CFO of EPP.

Similar Stories:

Hungarian construction output up 18.5% in October
Output in Hungaryʼs construction sector increased 18.5 percent y-o-y in October, accordin  »
Monthly expenditures on food products in Hungary up 15%
Monthly per capita spending on food products in Hungary increased to HUF 24,600 in the fir  »
EC: Bratislava innovation pulling ahead of Prague
Prague is falling behind in terms of innovation, according to the European Commission'  »
Czech koruna falls to quarterly low
The Polish and Hungarian currencies strengthened slightly yesterday, but the Czech koruna  »
Poland failed to win the next Jaguar and Land Rover factory, on which the automobile giant   »
hat the problems of the sector were never going to come from that side of the development   »
But last year also marked another important deal for Poland, as Norges Bank Investment Man   »