EQS-News: TAG Immobilien AG rated investment grade by both rating agencies S&P Global and Moody's

27.05.24 07:00 Uhr

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EQS-News: TAG Immobilien AG / Key word(s): Rating
TAG Immobilien AG rated investment grade by both rating agencies S&P Global and Moody's

27.05.2024 / 07:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


PRESS RELEASE

TAG Immobilien AG rated investment grade by both rating agencies S&P Global and Moody's

Hamburg, 27 May 2024

The international rating agency Moody's has on 24 May 2024, upgraded the long-term credit rating of TAG Immobilien AG to 'investment grade, Baa3, outlook stable' (before: 'non investment grade, Ba1, outlook stable'). According to Moody's, the rating upgrade reflects in particular TAG's continued strong operating performance and the company's disciplined financial policy in a challenging market environment due to rising interest rates.

With its upgrade, Moody's has drawn level with the rating agency S&P Global, which had already upgraded the 'negative outlook' of the existing 'BBB-' investment grade rating to 'stable' on 28 March 2024.

Martin Thiel, CFO and Co-CEO of TAG, comments: "We are pleased to now have two stable investment grade ratings again following Moody's upgrade. Even in the current interest rate environment, both our German and Polish portfolios are generating sustainably positive cash flows. This is the basis for TAG's strong capital structure. With the two investment grade ratings, we now have additional attractive financing options, both in the area of refinancing and for further growth."

 

Contact

TAG Immobilien AG

Dominique Mann

Head of Investor & Public Relations

Phone: +49 (0) 40 380 32 305

ir@tag-ag.com

 



27.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: TAG Immobilien AG
Steckelhörn 5
20457 Hamburg
Germany
Phone: 040 380 32 0
Fax: 040 380 32 388
E-mail: ir@tag-ag.com
Internet: http://www.tag-ag.com
ISIN: DE0008303504
WKN: 830350
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange
EQS News ID: 1911097

 
End of News EQS News Service

1911097  27.05.2024 CET/CEST

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Analysen zu TAG Immobilien AG

DatumRatingAnalyst
27.06.2024TAG Immobilien BuyDeutsche Bank AG
18.06.2024TAG Immobilien AddBaader Bank
07.06.2024TAG Immobilien BuyJoh. Berenberg, Gossler & Co. KG (Berenberg Bank)
27.05.2024TAG Immobilien HoldWarburg Research
23.05.2024TAG Immobilien HoldWarburg Research
DatumRatingAnalyst
27.06.2024TAG Immobilien BuyDeutsche Bank AG
18.06.2024TAG Immobilien AddBaader Bank
07.06.2024TAG Immobilien BuyJoh. Berenberg, Gossler & Co. KG (Berenberg Bank)
14.05.2024TAG Immobilien BuyJefferies & Company Inc.
14.05.2024TAG Immobilien BuyWarburg Research
DatumRatingAnalyst
27.05.2024TAG Immobilien HoldWarburg Research
23.05.2024TAG Immobilien HoldWarburg Research
15.05.2024TAG Immobilien HoldDeutsche Bank AG
25.03.2024TAG Immobilien Equal WeightBarclays Capital
13.03.2024TAG Immobilien HoldDeutsche Bank AG
DatumRatingAnalyst
12.03.2024TAG Immobilien ReduceBaader Bank
14.11.2023TAG Immobilien ReduceBaader Bank
14.11.2023TAG Immobilien ReduceBaader Bank
21.09.2023TAG Immobilien ReduceBaader Bank
12.09.2023TAG Immobilien ReduceBaader Bank

Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für TAG Immobilien AG nach folgenden Kriterien zu filtern.

Alle: Alle Empfehlungen

Buy: Kaufempfehlungen wie z.B. "kaufen" oder "buy"
Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"
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