BCRE Bcre-Brack Cap.

TIDMBCRE

RNS Number : 6360A

Brack Capital Real Estate Inv N.V

27 March 2017

27 March 2017

BCRE - Brack Capital Real Estate Investments N.V.

("BCRE" or the "Company")

Reaffirmation of credit rating of an associate undertaking

The Company announces that Standard & Poor's Maalot, a credit rating agency accredited by Israel, has reaffirmed the credit rating of Brack Capital Properties N.V., an associate undertaking of the Company whose shares are traded on the Tel Aviv Stock Exchange, and its existing debentures of ilAA- on a local Israeli scale, with a stable outlook.

ENQUIRIES:

 
   BCRE - Brack Capital Real Estate 
    Investments N.V. 
   Ariel Podrojski, Chief Executive 
    Officer 
   Nansia Koutsou, Chief Financial Officer      +31 20 514 
    / Chief Operating Officer                    1004 
   Novella Communications 
   Tim Robertson 
                                                +44 203 151 
   Toby Andrews                                  7008 
 

About BCRE

BCRE is an international real estate development and investment group, headquartered in the Netherlands and listed on the London Stock Exchange. Through its subsidiary and associated undertakings, the Company is interested in, develops and operates and international portfolio of real estate assets, predominantly located in the USA, Germany and Russia.

The Company has established local management team platforms with significant local market expertise in the US, Germany, Russia, India and the UK with exclusive access to over 550 staff. At present, the Company has offices and teams in New York, London, Frankfurt, Dusseldorf, Moscow, Kazan, New Delhi, Amsterdam and Limassol.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 27, 2017 10:09 ET (14:09 GMT)

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