Fitch affirms Catena’s credit rating BBB- with a stable outlook
The credit rating agency Fitch Ratings affirms Catena’s credit rating BBB- with a stable outlook in its annual credit rating of the issuer.
26 April 2024, 3.30 p.m. CEST
The rating reflects Catena’s modern portfolio of logistics facilities and is supported by a steady occupancy rate and rental growth endorsed by CPI-linked leases. In addition to that, equity funding has underpinned Catena’s ability to fund expansion.
“We have navigated through the turbulent world of recent years in a responsible way and our KPI:s clarifies both our operative and financial strengths. We are pleased by the fact that Fitch now affirms our credit rating and it emphasises Catena’s capacity to secure financing on favourable terms in the long run, 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
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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.
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 31 March 2024, the properties had a total value of SEK 32,550 million. Catena’s shares are traded on NASDAQ Stockholm, Large Cap.
