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The worldwide credit standing company Fitch Scores re-confirmed the long-term borrowing ranking BB+ with a steady outlook, granted in Might 2021 to the actual property administration and growth firm Akropolis Group, the chief amongst purchasing and leisure centres within the Baltics.
“The final years have been difficult for the purchasing centres sector – now we have confronted restrictions imposed throughout the pandemic, geopolitical unrest and rising costs of vitality sources attributable to it, a really excessive inflation. The constructive evaluation from the worldwide credit standing company exhibits that Akropolis Group not simply efficiently tackles the rising challenges however can also be resilient to the impression of exterior components – the Group retains reaching good monetary outcomes, holds a steady main place available in the market of the Baltic purchasing centres,” Manfredas Dargužis, the CEO of Akropolis Group, says.
The credit standing company Fitch Scores, re-confirming the BB+ credit standing with a steady outlook, thought-about the nice working outcomes of Akropolis Group, main positions of the purchasing centres managed by it within the cities the place they function, a low price of vacancies in them and a reasonable debt-to-EBITDA ratio. Fitch Scores first rated Akropolis Group on 19 Might 2021.
Within the autumn final 12 months, S&P International Scores improved the outlook of the credit standing BB+ given to Akropolis Group to a steady one and had confirmed the BB+ ranking with steady outlook in June this 12 months.
Akropolis Group presently manages purchasing and leisure centres Akropolis in Vilnius, Klaipėda and Šiauliai in Lithuania, additionally Akropole Alfa and Akropole Riga in Riga, Latvia. The closest plans of the Group embody the event of the brand new multifunctional complicated Akropolis Vingis in Vilkpėdė district, Vilnius.
Final 12 months, Akropolis Group efficiently positioned its debut EUR 300 million 5-year bond situation with 2.875% annual curiosity. The bonds of Akropolis Group are listed on Nasdaq Vilnius and Euronext Dublin inventory exchanges.
For extra info:
Dominykas Mertinas
Head of Advertising and Communication Division
AKROPOLIS GROUP, UAB
+370 64027001
dominykas.mertinas@akropolis.lt
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