Rating Action Johannesburg, 22 February 2022 – GCR Ratings (“GCR”) has downgraded Hospitality Property Fund Limited’s (“HPF” or “the fund”) national scale long-term issuer rating to BB+(ZA) from BBB-(ZA) and short-term rating to B(ZA). Concurrently, the long-term expected loss issue ratings assigned to the Senior Secured Notes issued by HPF have also been downgraded to...
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