FOR IMMEDIATE RELEASE
4 July 2023
Globalworth Real Estate Investments Limited
("Globalworth" or the "Company")
Fitch investment grade credit rating maintained - Correction
Further 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'.
All other details remain unchanged. The full text of the corrected announcement is below.
Globalworth, 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".
Globalworth remains committed to maintaining a strong balance sheet and a prudent approach to risk management.
For further information visit www.globalworth.com or contact:
| Enquiries
| |
| Stamatis Sapkas Chief Financial Officer
| Tel: +40 732 800 000 |
| Panmure Gordon (Nominated Adviser and Broker) Dominic Morley
| Tel: +44 20 7886 2500 |
About Globalworth / Note to Editors:
Globalworth 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.
For more information, please visit www.globalworth.com and follow us on Facebook, Instagram and LinkedIn.
A rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.