Consus Real Estate AG: S&P Ratings upgraded Consus to 'BB-', outlook stable
DGAP-News: CONSUS Real Estate AG
/ Key word(s): Rating
Consus Real Estate AG: S&P Ratings upgraded Consus to 'BB-', outlook stable Consus Real Estate AG ("Consus"): S&P Global Ratings (S&P) announced an upgrade of Consus' rating to 'BB-' for the company and 'B+' for the senior secured notes. The outlook remained stable. The rating upgrade reflects S&P's view that Consus' credit profile is enhanced by its strategic importance to its parent company Adler Group S.A. S&P sees Consus' landbank as a strategic platform to fuel Adler's future growth and develop mainly residential assets in Germany for holding purposes in the medium-to-long term. The stable outlook reflects S&P's expectation of Consus being able to continue to benefit from the favourable fundamentals of the German residential real estate market and strong demand. Contact: About Consus Real Estate AG
18.12.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | CONSUS Real Estate AG |
Kurfürstendamm 188-189 | |
10707 Berlin | |
Germany | |
Phone: | +49 (0)30 965 357 90 300 |
E-mail: | info@consus.ag |
Internet: | www.consus.ag |
ISIN: | DE000A2DA414 |
WKN: | A2DA41 |
Listed: | Regulated Unofficial Market in Dusseldorf, Frankfurt (Scale), Munich (m:access), Stuttgart, Tradegate Exchange |
EQS News ID: | 1156238 |
End of News | DGAP News Service |
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1156238 18.12.2020