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:

Foreign investments hit €328m in Montenegro last year
Azmont Investment, the company behind the large-scale Portonovi Resort project along Monte  »
Czech unemployment still falling at 3.2%
Unemployment in the Czech Republic continued its fall in February, dropping to 3.2 percent  »
Czech contractors see revenues jump 10%
Total annual revenues produced by Czech construction companies rose 10 percent, breaking t  »
Croatia’s GDP up 2.3% in Q4 2018
Croatia’s GDP increased by 2.3 percent in the fourth quarter of last year, according to  »
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   »