Catena upgraded to ”BBB” by Fitch
The credit rating agency Fitch Ratings has upgraded its long-term credit rating on Catena to BBB from BBB-. The outlook is stable.
16 October 2024, 8.20 p.m. CEST
The new rating reflects improvements in Catena's business and financial profile accompanied with an increased trust from the capital market. A growing, modern and energy efficient property portfolio, well positioned geographically has also had an impact on the assessment together with a longer average debt maturity and maintained solid liquidity.
“We are proud of the development of Catena and pleased that Fitch has decided to raise Catena’s credit rating. The upgrade reflects our strategy and strong performance and will contribute to our ability to generate further profitable growth”, comments David Silvesjö, Catena’s Chief Treasury Officer.
For further information, please contact
David Silvesjö, Chief Treasury Officer, Tel. + 46 730-70 22 22, david.silvesjo@catena.se
Jörgen Eriksson, CEO, Tel. + 46 730-70 22 42, jorgen.eriksson@catena.se
Follow us: catena.se / LinkedIn
This is information that Catena AB (publ) is obliged to publish under the EU Market Abuse Regulation (MAR) 596/2014. The information was provided by the above contacts for publication at the aforementioned time.
About Catena
Catena is a listed property company that sustainably and through collaboration develops and durably manages efficient logistics facilities. Its strategically located properties supply the Scandinavian metropolitan areas and are adapted for both current and future goods flows. The overarching objective is to generate strong cash flow from operating activities to enable sustainable growth and stable returns. As of 30 June 2024, the properties had a total value of SEK 35,865 million. Catena’s shares are traded on NASDAQ Stockholm, Large Cap.
