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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Summit Germany | LSE:SMTG | London | Ordinary Share | GG00BJ4FZW09 | ORD NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.185 | 1.18 | 1.19 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
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
END
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(END) Dow Jones Newswires
January 15, 2018 06:45 ET (11:45 GMT)
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