Globalworth Real Estate Inv Ltd S&P Rating Action (9144T)
23 March 2023 - 3:53AM
UK Regulatory
TIDMGWI
RNS Number : 9144T
Globalworth Real Estate Inv Ltd
22 March 2023
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
FOR IMMEDIATE RELEASE
22 March 2023
Globalworth Real Estate Investments Limited
("Globalworth" or the "Company")
S&P Rating Action
Globalworth (AIM: GWI), the leading office investor in Central
and Eastern Europe, hereby acknowledges that Standard & Poor's
("S&P") has downgraded its corporate credit rating and rating
of Globalworth's green bonds due 2026 to BB+ with a stable
outlook.
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 Tel: +40 732 800 000
Chief Financial Officer
Panmure Gordon (Nominated Adviser Tel: +44 20 7886 2500
and Broker)
Dominic Morley
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 EUR3.2 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.
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