The rating agency Standard & Poor’s has assigned its “BB+” long-term corporate credit rating with stable outlook to CORESTATE. The rating underscores CORESTATE’s strong business model with a high share of recurring income as well as strong positioning in the market.
On 6th November 2017, the rating agency Standard & Poor’s has assigned its “BB+” long-term corporate credit rating with stable outlook to CORESTATE Capital Holding S.A. (“CORESTATE” or the “Company”).
The rating underscores CORESTATE’s strong business model with a high share of recurring income as well as strong positioning in the market.
“The rating is a key element to improve our access to financing. In the future, we will have lower funding costs and be able to implement flexible financing structures in the short term. The rating provides CORESTATE with a competitive advantage for further acquisitions within the asset management sector,” explains Lars Schnidrig, CFO of CORESTATE.
About CORESTATE Capital
CORESTATE is an investment manager and co-investor with around € 28 billion in assets under management. The company sees itself as a manager for the entire length of the real estate value chain. Thanks to its fully integrated real estate platform, it is able to offer investors a wide range of services, especially the opportunity to invest in large-scale societal trends such as urbanisation, demographic shifts or sustainability – trends that will continue to have a decisive influence on the living and working environment in the long term. The consistent focus on asset classes that will be successful in the long run constitutes a central cornerstone of the company strategy. At CORESTATE, all concepts are supported with ESG expertise that is unique to the industry. With some 800 experts, CORESTATE offers clients and investors a full range of services and consultation from a single source, from project financing and real estate management to sales. CORESTATE is listed on the Frankfurt Stock Exchange (SDAX) and operates as a respected business partner for institutional and semi-institutional investors as well as high-net-worth private investors in 13 countries across Europe, with offices in Frankfurt, Vienna, Zurich, Paris, Madrid and London.
Forward-looking statements
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