Equites rating outlook upgraded to positive on robust operating performance
The group is praised for its expansion in the UK where stock is not meeting demand
30 August 2022 - 16:54
Equites Property Fund, developer and owner of prime logistics assets, has seen the outlook on its credit ratings upgraded to positive due to a sustained strong operating performance in SA and the UK, as well as its access to capital.
Global Credit Ratings (GCR) affirmed Equites’s SA long- and short-term debt at AA- and A1+ respectively, but boosted its outlook to positive, saying the group is expected to continue to expand its portfolio of high-quality logistics assets that generate strong returns...
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