FOR IMMEDIATE RELEASE
21 March 2025
Globalworth Real Estate Investments Limited
("Globalworth" or the "Company")
S&P - revisions to credit rating and outlook
Globalworth, the leading office investor in Central and Eastern Europe, hereby acknowledges that Standard & Poor's ("S&P") has revised Globalworth's long-term issuer credit rating to 'BB' with a Stable outlook (from 'BB+' with a Negative outlook), and its issue rating on its senior unsecured bonds to 'BB-' from 'BB' citing a low interest coverage ratio.
The Company remains committed to implementing strategic initiatives aimed at optimising its existing property portfolio and operational efficiencies to improve its interest cover ratio over time.
Enquiries
| Rashid Mukhtar Group CFO
| Tel: +40 732 800 000 |
| Panmure Liberum (Nominated Adviser and Broker) Atholl Tweedie | Tel: +44 20 7886 2500 |
About Globalworth / Note to Editors:
Globalworth is a listed real estate company active in Central and Eastern Europe, quoted on the AIM-segment of the London Stock Exchange. It has become the pre-eminent office investor in the CEE real estate market through its market-leading positions both in Poland and Romania. Globalworth acquires, develops and directly manages high-quality office properties in prime locations, generating rental income from reputed tenants from around the globe. Managed by over 250 professionals across Cyprus, Guernsey, Poland and Romania the combined value of its portfolio is €2.6 billion, as at 31 December 2024. Approximately 98.5% of the portfolio is in income-producing assets, predominately in the office sector, and leased to a diversified array of over 650 national and multinational corporates. In Poland Globalworth is present in Warsaw, Wroclaw, Lodz, Krakow, Gdansk and Katowice, while in Romania its assets span Bucharest, Constanta and Craiova.
For more information, please visit www.globalworth.com and follow us on Facebook, Instagram and LinkedIn.
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