Fitch rates Globalworth, debt BBB-

Fitch Ratings said it assigned a long-term issuer default rating of BBB- with a stable outlook to Globalworth Real Estate Investments Ltd.

The agency assigned a senior unsecured rating of BBB-.

“Globalworth's asset concentration is high, owing to the group's ownership of several large, landmark assets. Fitch expects this exposure to diminish as growth continues,” the agency said in a news release.

“Fitch expects Globalworth's portfolio to grow to €2.5 billion (excluding assets under development and land bank) at end-2018. The increasing size of its portfolio strengthens the group's business profile.”

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.