VGP NV: Will Receive First Issuer Credit Rating by Fitch Which Assigned a Long-Term Investment Grade Rating of BBB- With a Stable Outlook
VGP NV, a European provider of high-quality logistics and semi-industrial real estate, today announces that the Group will receive its first issuer credit rating by Fitch which assigned a long-term investment grade rating of BBB- with a stable outlook.
VGP has engaged in a financial rating process in order to benefit from an enhanced access to debt capital markets when needed, including broader investor base and tighter spreads.
This rating reflects the strength of VGP's balance sheet as well as quality rental income base through a virtually fully occupied portfolio, leased to a blue-chip customer base. Prudent financial policy together with a well-managed development approach allowed VGP to receive an investment grade rating with a stable outlook.
VGP has continued to perform strongly throughout the first months of 2021. The VGP activities since 31 December 2020 can be summarised as follows:
Quelle: VGP NV, Bildquelle: Adobe Stock