EQS-News 125 0 Kommentare TAG Immobilien AG rated investment grade by both rating agencies S&P Global and Moody's

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TAG Immobilien AG rated investment grade by S&P Global and Moody's.
Moody's upgraded TAG's credit rating to 'investment grade, Baa3'.
CFO Martin Thiel sees strong capital structure and financing options.

EQS-News: TAG Immobilien AG / Key word(s): Rating
TAG Immobilien AG rated investment grade by both rating agencies S&P Global and Moody's

27.05.2024 / 07:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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TAG Immobilien AG rated investment grade by both rating agencies S&P Global and Moody's

Hamburg, 27 May 2024

The international rating agency Moody's has on 24 May 2024, upgraded the long-term credit rating of TAG Immobilien AG to 'investment grade, Baa3, outlook stable' (before: 'non investment grade, Ba1, outlook stable'). According to Moody's, the rating upgrade reflects in particular TAG's continued strong operating performance and the company's disciplined financial policy in a challenging market environment due to rising interest rates.

With its upgrade, Moody's has drawn level with the rating agency S&P Global, which had already upgraded the 'negative outlook' of the existing 'BBB-' investment grade rating to 'stable' on 28 March 2024.

Martin Thiel, CFO and Co-CEO of TAG, comments: "We are pleased to now have two stable investment grade ratings again following Moody's upgrade. Even in the current interest rate environment, both our German and Polish portfolios are generating sustainably positive cash flows. This is the basis for TAG's strong capital structure. With the two investment grade ratings, we now have additional attractive financing options, both in the area of refinancing and for further growth."

Contact

TAG Immobilien AG

Dominique Mann

Head of Investor & Public Relations

Phone: +49 (0) 40 380 32 305

ir@tag-ag.com

27.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language:	English
Company:	TAG Immobilien AG
	Steckelhörn 5
	20457 Hamburg
	Germany
Phone:	040 380 32 0
Fax:	040 380 32 388
E-mail:	ir@tag-ag.com
Internet:	http://www.tag-ag.com
ISIN:	DE0008303504
WKN:	830350
Indices:	MDAX
Listed:	Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange
EQS News ID:	1911097