S&P - revisions to credit rating and outlook

About this update from Globalworth Real Estate Investments Limited

[{"type":"text","content":"\n\nFOR IMMEDIATE RELEASE\n \n21 March 2025\n \nGlobalworth Real Estate Investments Limited\n(\"Globalworth\" or the \"Company\")\n \nS&P - revisions to credit rating and outlook\n \nGlobalworth, the leading office investor in Central and Eastern Europe, hereby acknowledges that Standard & Poor's (\"S&P\") has revised Globalworth's long-term issuer credit rating to 'BB' with a Stable outlook (from 'BB+' with a Negative outlook), and its issue rating on its senior unsecured bonds to 'BB-' from 'BB' citing a low interest coverage ratio.\nThe Company remains committed to implementing strategic initiatives aimed at optimising its existing property portfolio and operational efficiencies to improve its interest cover ratio over time.\n \nEnquiries \n\n\n\n\nRashid Mukhtar\nGroup CFO\n \n\n\nTel: +40 732 800 000\n\n\n\n\nPanmure Liberum (Nominated Adviser and Broker)\nAtholl Tweedie \n\n\nTel: +44 20 7886 2500\n\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 properties in prime locations, generating rental income from reputed tenants from around the globe. Managed by over 250 professionals across Cyprus, Guernsey, Poland and Romania the combined value of its portfolio is €2.6 billion, as at 31 December 2024. Approximately 98.5% of the portfolio is in income-producing assets, predominately in the office sector, and leased to a diversified array of over 650 national and multinational corporates. In Poland Globalworth is present in Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice, while in Romania its assets span Bucharest, Constanta and Craiova.\nFor more information, please visit www.globalworth.com and follow us on Facebook, Instagram and LinkedIn.\n\n","length":3706,"tagName":"div"}]

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