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BCRE Bcre-Brack Cap.

0.375
0.00 (0.00%)
09 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bcre-Brack Cap. LSE:BCRE London Ordinary Share NL0010763611 ORD EUR0.01 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.375 0.25 0.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Brack Capital Real Estate Inv N.V Credit rating review (1682G)

24/05/2017 6:29pm

UK Regulatory


Bcre-Brack Cap. (LSE:BCRE)
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TIDMBCRE

RNS Number : 1682G

Brack Capital Real Estate Inv N.V

24 May 2017

24 May 2017

BCRE - Brack Capital Real Estate Investments N.V.

("BCRE" or the "Company")

Midroog places the Company's Series A, B and C bonds ("Bonds")

under credit review

The Company announces that Midroog, the credit rating agency accredited by Israel and a subsidiary of Moody's Investors Service Inc., places under credit review with negative implications the rating of the Company's Bonds, currently rated A2 on a local Israeli scale with a negative outlook, while it examines the potential impact on the Company's risk profile following the Company's sale of all the shares held in the issued and outstanding share capital of Brack Capital Properties N.V. ("BCP*), whose shares are traded on the Tel Aviv Stock Exchange.

*For further details regarding the Company's divestment of BCP, refer to the announcement released by the Company on 23 May 2017 "Sale of shares in Brack Capital Properties N.V."

ENQUIRIES:

 
   BCRE - Brack Capital Real Estate 
    Investments N.V. 
   Ariel Podrojski, Chief Executive 
    Officer 
   Nansia Koutsou, Chief Financial Officer       +31 20 514 
    / Chief Operating Officer                          1004 
 
   Novella Communications 
   Tim Robertson 
                                                +44 203 151 
   Toby Andrews                                        7008 
 

About BCRE

BCRE is an international real estate development and investment group, headquartered in the Netherlands and listed on the London Stock Exchange. Through its subsidiary and associated undertakings, the Company is interested in, develops and operates an international portfolio of real estate assets in the markets it operates.

The Company has established local management team platforms with significant local market expertise. At present, the Company has offices and teams in New York, London, Moscow, Kazan, New Delhi, Amsterdam and Limassol.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCPGUUPAUPMGMC

(END) Dow Jones Newswires

May 24, 2017 13:29 ET (17:29 GMT)

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