Moody's Ratings Action and Withdrawal

Globalworth Real Estate Inv Ltd

08 June 2023

 

FOR IMMEDIATE RELEASE

8 June 2023

Globalworth Real Estate Investments Limited

("Globalworth" or the "Company")

Moody's Ratings Action and Withdrawal

Globalworth (AIM: GWI), the leading office investor in Central and Eastern Europe, hereby acknowledges that, further to the termination notice sent by the Company to Moody's beginning of April 2023, Moody's has now withdrawn its credit ratings on the Company. Globalworth will continue to be rated by S&P Global Ratings and Fitch Ratings.

In addition, immediately prior to this withdrawal, Moody's had revised its corporate credit rating and rating of Globalworth's bonds to BA1 with a stable outlook.   

Globalworth remains committed to maintaining a strong balance sheet and a prudent approach to risk management.

For further information visit www.globalworth.com or contact:

Enquiries
Stamatis Sapkas Chief Financial Officer	Tel: [phone]
Panmure Gordon (Nominated Adviser and Broker) Dominic Morley	Tel: [phone]

About Globalworth / Note to Editors:

Globalworth is a listed real estate company active in Central and Eastern Europe, quoted on the AIM-segment of the London Stock Exchange. It has become the pre-eminent office investor in the CEE real estate market through its market-leading positions both in Poland and Romania. Globalworth acquires, develops and directly manages high-quality office and industrial real estate assets in prime locations, generating rental income from high quality tenants from around the globe. Managed by over 260 professionals across Cyprus, Guernsey, Poland and Romania, a combined value of its portfolio is €3.2 billion, as at 31 December 2022. Approximately 96.4% of the portfolio is in income-producing assets, predominately in the office sector, and leased to a diversified array of over 690 national and multinational corporates. In Poland, Globalworth is present in Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice, while in Romania its assets span Bucharest, Timisoara, Constanta, Pitesti, Arad, Oradea and Targu Mures.

For more information, please visit www.globalworth.com and follow us on Facebook, Instagram and LinkedIn.

A rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

 

END