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MLP Group SAMoody's affirms long-term rating for MLP Group developer at Ba2 with stable outlook
Moody's rating agency has affirmed the Corporate Family Rating (CFR) of listed warehouse developer MLP Group at Ba2 with a stable outlook, MLP Group announced in a market filing. Earlier, Fitch Ratings has affirmed MLP's long term-rating at BB+, the group pointed out in a press release.
"MLP Group has once again been recognised as a company with proven financial credibility on the international stage. The world's largest rating agencies, Moody's and Fitch Ratings, have conducted their periodic credit rating reviews and affirmed their previous ratings: Moody's at Ba2 and Fitch at BB+, both with a stable outlook," MLP announced.
"Maintaining high credit ratings from Moody's and Fitch is an important signal for us and our shareholders. It proves that our business model and long-term growth strategy provide a solid foundation for further expansion in Europe and, above all, for building the company's value (...)," said MLP Group's CEO Radoslaw T. Krochta, quoted in the press release.
"The company's financial stability is not a coincidence, but the result of the consistent implementation of a long-term strategy. Moody's and Fitch affirming their high credit ratings is an extremely important signal for us, opening the way to obtaining financing on global capital markets on attractive terms," the group's CFO Maciej Muldner added.
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