Catena secures BBB- credit rating from Nordic Credit Rating
Logistics property company Catena has been awarded an “investment grade” credit rating of BBB- with stable prospects from credit rating agency Nordic Credit Rating (NCR).
3 May 2021, 8:30 a.m. CET
This is referred to as investment grade credit rating, with, for example, the company's stability, combined with its financial targets and the issue now completed having been key to the allocated rating.
“The rating from NCR reflects both our financial position and leading market position, while also establishing additional conditions for long-term financing on favourable terms and with increased attractiveness among investors,” says Catena's CFO, Sofie Bennsten.
For further information, please contact
Jörgen Eriksson, CEO, Tel. +46 (0)730-70 22 42, jorgen.eriksson@catenafastigheter.se
Sofie Bennsten, Deputy CEO and CFO, Tel. +46 (0)730-70 22 41 sofie.bennsten@catenafastigheter.se
Peter Andersson, Head of Treasury, Tel. +46 (0)730-70 22 44 peter.andersson@catenafastigheter.se
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Catena is a listed property company that, through collaboration sustainably develops, owns and manages efficient logistics facilities. Its strategically located properties supply the Scandinavian metropolitan areas and are adapted for both current and future goods flows. The overall objective is to generate strong cash flow, enabling stable development and providing shareholders a favourable total return in the long term. As of 31 March 2021, the properties had a total value of SEK 20,602.0 million. Catena’s shares are traded on NASDAQ Stockholm, Large Cap.
This information is such that Catena AB (publ) is obliged to publish under the EU Market Abuse Regulation (MAR) 596/2014. The information was provided by the above contact persons for publication at the aforementioned time.
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