Rating Action Johannesburg, 24 August 2021 – GCR Ratings (“GCR”) has downgraded the national scale long-term issuer rating assigned to Accelerate Property Fund Limited (“Accelerate”, “the REIT” or “the fund”) to BBB-(ZA), whilst the national scale short-term rating has been maintained at A3(ZA). Concurrently, GCR has downgraded the long-term issue ratings of A-(ZA)(EL) assigned to...
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