10th Mar 2022 15:38
Tritax EuroBox PLC - London-based investor in logistics property across continental Europe - Notes debt rating gets upgrade from credit agency Fitch Ratings Ltd. Senior unsecured rating is raised to BBB from BBB-, while long-term issuer default rating is affirmed at BBB- with a stable outlook. "The positive ratings trajectory provides a compelling backdrop for incremental senior unsecured debt issuance in the future," says Tritax EuroBox Finance Director Mehdi Bourassi. At the end of its last financial year on September 30, 2021, the company had a loan-to-value ratio of 13.3%, down from 41.1% a year earlier.
Current stock price: 100.00 pence
12-month change: down 4.3%
By Tom Waite; [email protected]
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