Deutsche Wohnen AG: Deutsche Wohnen achieves BBB+ rating by Standard & Poor's
Deutsche Wohnen AG / Key word(s): Miscellaneous
Deutsche Wohnen achieves BBB+ rating by Standard & Poor's
Frankfurt/Main and Berlin, 25 November 2014. Today Deutsche Wohnen has been given a long-term issuer rating by the international rating agency Standard & Poor's for the first time. The BBB+ rating with stable outlook underscores the quality of the business model and is comparable with the Baa1 rating that the company received from Moody's two weeks ago.
"With these ratings we have an important tool at hand that enables us to operate flexibly on international financial markets. We increase our transparency and moreover, gain access to new groups of investors," explained Andreas Segal, CFO of Deutsche Wohnen AG.
With its ratings of BBB+ and Baa1, Deutsche Wohnen is currently ahead of its national peers.
Deutsche Wohnen is one of the largest publicly listed residential property companies in Germany and Europe with a business focus on managing and developing its residential property portfolio. As at 30 September 2014 the portfolio comprised a total of 148,906 units, of which 146,822 are residential units and 2,084 commercial properties. The company is listed in the Deutsche Börse's MDAX and is also included in the leading indices EPRA/NAREIT and GPR 100.
Phone +49 (0)30 897 86-5413
Fax +49 (0)30 897 86-5409
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|Company:||Deutsche Wohnen AG|
|65929 Frankfurt am Main|
|Phone:||+49 (0)30 89786-0|
|Fax:||+49 (0)30 89786-5409|
|Listed:||Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart|
|End of News||DGAP News-Service|