Investment grade rating maintained - Correction

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n\nFOR IMMEDIATE RELEASE\n \n4 July 2023\n \nGlobalworth Real Estate Investments Limited\n(\"Globalworth\" or the \"Company\")\n \nFitch investment grade credit rating maintained - Correction\n \nFurther to the announcement made on 3 July 2023 the Company advises that the there was a typographical error in the credit rating which should have been 'BBB-' not 'BBB'.\nAll other details remain unchanged. The full text of the corrected announcement is below.\nGlobalworth, the leading office investor in Central and Eastern Europe, announces that, following the annual review, Fitch Ratings (\"Fitch\"), the international credit rating agency, affirms the Company's issuer credit rating at `BBB-` and revises the Outlook to \"Negative\".\nGlobalworth remains committed to maintaining a strong balance sheet and a prudent approach to risk management.\n \nFor further information visit www.globalworth.com or contact:\n \n\n\n\n\nEnquiries\n \n\n\n\n\n\n\n\nStamatis Sapkas\nChief Financial Officer\n \n\n\nTel: +40 732 800 000\n\n\n\n\nPanmure Gordon (Nominated Adviser and Broker)\nDominic Morley\n \n\n\nTel: +44 20 7886 2500\n\n\n\n\nAbout Globalworth / Note to Editors:\nGlobalworth is a listed real estate company active in Central and Eastern Europe, quoted on the AIM-segment of the London Stock Exchange. It has become the pre-eminent office investor in the CEE real estate market through its market-leading positions both in Poland and Romania. Globalworth acquires, develops and directly manages high-quality office and industrial real estate assets in prime locations, generating rental income from high quality tenants from around the globe. Managed by over 260 professionals across Cyprus, Guernsey, Poland and Romania, a combined value of its portfolio is €3.2 billion, as at 31 December 2022. Approximately 96.4% of the portfolio is in income-producing assets, predominately in the office sector, and leased to a diversified array of over 690 national and multinational corporates. In Poland, Globalworth is present in Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice, while in Romania its assets span Bucharest, Timisoara, Constanta, Pitesti, Arad, Oradea and Targu Mures.\nFor more information, please visit...

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