GCR places Investec Property Fund’s national scale ratings ‘Under Review’
Johannesburg, 28 July 2015 — Global Credit Ratings has today placed Investec Property Fund’s national scale ratings of A-(ZA) and A1-(ZA) for the long term and short term respectively ‘Under Review’. While GCR is far advanced in its current review, we intend finalising the process after information on negotiations for which the REIT’s management released a public cautionary on 2 July 2015 becomes available, as this may or may not impact the ratings. GCR therefore expects to publically release the updated rating results by 31 August 2015.
NATIONAL SCALE RATINGS HISTORY
Initial rating (November 2011)
Long term: BBB+(ZA); Short term: A2(ZA)
Last rating (July 2014)
Long term: A-(ZA); Short term: A1-(ZA)
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