DGAP-News: DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): Rating
- DEMIRE aims to achieve an investment grade rating in the medium term
The internationally renowned rating agency Moody's has confirmed its Ba2 corporate rating for DEMIRE Deutsche Mittelstand Real Estate AG (ISIN: DE000A0XFSF0), which is just below investment grade. In its explanation of the rating, Moody's positively highlighted DEMIRE's broadly diversified portfolio at secondary locations and its active portfolio management approach.
DEMIRE recently optimised its financing profile, reducing its average cost of financing as at 30 June 2019 by 25 basis points to 2.75 percent.
Tim Brückner, CFO at DEMIRE, comments: "We aim to achieve an investment grade rating in the medium term, and we are well on the way to that goal. Among other things, this is demonstrated by the constant optimisation of our financing costs."
Head of Investor Relations & Corporate Communications
DEMIRE Deutsche Mittelstand Real Estate AG
|Company:||DEMIRE Deutsche Mittelstand Real Estate AG|
|Robert-Bosch-Straße 11 im 'the eleven'|
|63225 Langen (Hessen)|
|Phone:||+49 6103 37249-0|
|Fax:||+49 6103 37249-11|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange|
|EQS News ID:||836601|
|End of News||DGAP News Service|