EQS-News 113 0 Kommentare CPI PROPERTY GROUP – Moody’s Baa3 Rating Affirmed

EQS-News: CPI PROPERTY GROUP / Key word(s): Rating
CPI PROPERTY GROUP – Moody’s Baa3 Rating Affirmed

19.07.2023 / 10:22 CET/CEST
The issuer is solely responsible for the content of this announcement.

CPI Property Group
(société anonyme)
40, rue de la Vallée
L-2661 Luxembourg
R.C.S. Luxembourg: B 102 254

Press Release - Corporate News

Luxembourg, 19 July 2023

CPI PROPERTY GROUP – Moody’s Baa3 Rating Affirmed

CPI Property Group (“CPIPG”, or together with its subsidiaries, the “Group”) has prepared a brief statement following the decision by Moody’s Investors Service (“Moody’s”) to affirm the Group’s Baa3 investment grade credit rating while revising the outlook from stable to negative.

“Considering the downgrade actions taken by credit rating agencies against many other real estate owners, Moody’s affirmation of our ratings is positive and follows a successful S&P review completed in May,” said David Greenbaum, CFO. “Maintaining investment grade ratings is important to CPIPG’s business.”

CPIPG is proud that the Group regularly receives positive feedback from investors about the quality and detail of our public disclosure and investor relations coverage. Our dialogue with the rating agencies goes even deeper, with regular contact and granular transparency about the Group’s plans.

Based on our recent detailed interactions with Moody’s and S&P, CPIPG believes we have a clear roadmap to maintain our investment grade ratings with both agencies. The Group is working hard to achieve our desired outcome and will continue to update our stakeholders on our progress.

For further information, please contact:

Investor Relations

David Greenbaum Moritz Mayer
Chief Financial Officer Manager, Capital Markets
d.greenbaum@cpipg.com m.mayer@cpipg.com

For more on CPI Property Group, visit our website: www.cpipg.com

Follow us on Twitter (CPIPG_SA) and LinkedIn

19.07.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
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Language:	English
Company:	CPI PROPERTY GROUP
	40, rue de la Vallée
	L-2661 Luxembourg
	Luxemburg
Phone:	+352 264 767 1
Fax:	+352 264 767 67
E-mail:	contact@cpipg.com
Internet:	www.cpipg.com
ISIN:	LU0251710041
WKN:	A0JL4D
Listed:	Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart
EQS News ID:	1683523