SMTP Summit Properties Limited

TIDMSMTG

RNS Number : 8909B

Summit Germany Limited

15 January 2018

This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.

Summit Germany Limited

(the "Company")

BBB- / Ba1 issue ratings assigned to proposed senior unsecured notes by S&P Global Rating

and

Moody's Investors Service respectively

15 January 2018

Summit Germany Limited, the AIM-listed German commercial property investment company, is pleased to announce that it has obtained a BB+ Credit Rating from S&P Global Rating and a Ba1 Corporate Family Rating by Moody's Investors Service, while proposed senior unsecured notes were assigned with BBB- / Ba1 ratings from S&P Global Rating and Moody's Investors Service, respectively. The rating agencies' assessment of the Company's business profile is supported by a well-diversified commercial portfolio focused solely in Germany and its large tenant base. Further support for the credit rating assessment is the good cash flow generation leading to a strong fixed charge coverage as well as a positive track record in active property management.

The Rating reports are available on the Company's website www.summitgermany.com.

For further information please contact:

 
Summit Germany Limited              Tel: +44 (0) 1481 700 300 
Zohar Levy - Managing Director 
Itay Barlev (Braun) - Finance 
 Director 
 
Non-Executive Chairman              Tel: +44 (0) 20 7451 7050 
Harry Hyman 
 
Carey Group, Company Secretary      Tel: +44 (0) 1481 700 300 
Sara Bourne 
 
Liberum Capital Limited, Nominated  Tel: +44 (0) 20 3100 2222 
 Adviser and Joint Broker 
Chris Clarke / Jill Li 
 
Cenkos Securities, Joint Broker     Tel: +44 (0) 20 7397 8900 
Mark Connelly 
Russell Kerr / Selwyn Jones 
 (Broking) 
 
 
 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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