8 November 2016
STANDARD & POOR'S CREDIT RATING UPDATE FOR PLAZA CENTERS' NOTES
Plaza Centers N.V. ("Plaza" / the "Company") announces that Standard & Poor's Maalot ("S&P Maalot"), the Israeli credit rating agency which is a division of Standard & Poor's International, has updated its credit rating for Plaza's series of two Notes traded on the Tel Aviv Stock Exchange from "ilBBB-" to "ilCCC-" on the local Israeli scale. The update follows the Company's announcement dated 7 November 2016 outlining a proposed amendment to an early prepayment term under the Restructuring Plan that was approved by the Dutch court on 9 July 2014.
A full copy of the S&P Maalot report is available at:
http://plazacenters.com/index.php?p=financial_reports_2016 (Currently in Hebrew; an English translation will be available shortly).
For further details, please contact:
Plaza
Dori Keren, Acting CEO +48 22 231 99 00
FTI Consulting
Dido Laurimore / Claire Turvey / Tom Gough +44 20 3727 1000
Notes to Editors