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IN BRIEF: Sirius Real Estate credit rating affirmed, outlook stable

ALN

Sirius Real Estate Ltd - London and Johannesburg-listed property investor - Says Fitch Ratings has reaffirmed its long-term issuer default rating and senior unsecured rating at ’BBB’, with a ’stable outlook’. Fitch highlights the resilience of Sirius’ business parks portfolio and the strength of its business model. The credit rating agency notes robust tenant demand.

‘Fitch’s decision to reaffirm Sirius’ investment grade BBB credit rating is another positive endorsement of the strength of our operating platform, the high quality of our portfolio, as well as the sustained resilience and growth potential of our rental income,’ Sirius Real Estate Chief Financial Officer Chris Bowman says.

Stock price in London: 98.75 pence

12-month change in London: up 4.9%

Stock price in Johannesburg: R 22.95

12-month change in Johannesburg: up 5.4%

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