Corestate Capital Holding S.A.: CORESTATE has been assigned a first time long-term corporate credit rating by international rating agency Standard & Poor’s
DGAP-News: Corestate Capital Holding S.A.: CORESTATE has been assigned a first time long-term corporate credit rating by international rating agency Standard & Poor’s
DGAP-News: Corestate Capital Holding S.A. / Key word(s): Rating
06.11.2017 / 08:30
The issuer is solely responsible for the content of this announcement.
CORESTATE has been assigned a first time long-term corporate credit rating by international rating agency Standard & Poor’s
– Corporate credit rating: “BB+/Stable Outlook”
– CORESTATE is the only real estate investment manager in Germany that has been assigned a corporate credit rating from an international rating agency
– The rating improves CORESTATEs access to capital market financing, in particular to the bond market
On 6th November 2017, the rating agency Standard & Poor’s has assigned its “BB+” long-term corporate credit rating with stable outlook to CORESTATE Capital Holding S.A. (“CORESTATE” or the “Company”).
The rating underscores CORESTATE’s strong business model with a high share of recurring income as well as strong positioning in the market.
“The rating is a key element to improve our access to financing. In the future, we will have lower funding costs and be able to implement flexible financing structures in the short term. The rating provides CORESTATE with a competitive advantage for further acquisitions within the asset management sector,” explains Lars Schnidrig, CFO of CORESTATE.
Phone: +49 69 3535630-106 / Cell phone: +49 162 2087670
Phone: +49 69 264867715 / Cell phone: +49 176 10430063
About CORESTATE Capital Holding S.A.
CORESTATE Capital Holding S.A. (CORESTATE) is an investment manager and co-investor with approximately EUR 22bn* in assets under management. As a fully integrated real estate platform, CORESTATE offers its clients combined expertise in the areas of investment and fund management as well as real estate management services. The company operates as a respected business partner of institutional clients and wealthy private investors internationally. CORESTATE is headquartered in Luxembourg and has 41 offices including in Frankfurt, London, Madrid, Singapore and Zurich. The company employs over 530 people and is listed in the regulated market (Prime Standard) of the Frankfurt Stock Exchange.
Further information is available at www.corestate-capital.com.
*at year end 2017
This press release may contain forward-looking statements based on current assumptions and forecasts made by our management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of our company and the estimates given here. These factors include those discussed in our public reports, which are available on our website at [ir.corestate-capital.com]. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.