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EQS-News: TAG Immobilien AG / Key word(s): Rating
TAG Immobilien AG rated investment grade by both rating agencies S&P Global and Moody's
2024-05-27 / 07:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
PRESS RELEASE
TAG Immobilien AG rated investment grade by both rating agencies S&P Global and Moody's
Hamburg, 27 May 2024
The international rating agency Moody's has on 24 May 2024, upgraded the long-term credit rating of TAG Immobilien AG
to 'investment grade, Baa3, outlook stable' (before: 'non investment grade, Ba1, outlook stable'). According to
Moody's, the rating upgrade reflects in particular TAG's continued strong operating performance and the company's
disciplined financial policy in a challenging market environment due to rising interest rates.
With its upgrade, Moody's has drawn level with the rating agency S&P Global, which had already upgraded the 'negative
outlook' of the existing 'BBB-' investment grade rating to 'stable' on 28 March 2024.
Martin Thiel, CFO and Co-CEO of TAG, comments: "We are pleased to now have two stable investment grade ratings again
following Moody's upgrade. Even in the current interest rate environment, both our German and Polish portfolios are
generating sustainably positive cash flows. This is the basis for TAG's strong capital structure. With the two
investment grade ratings, we now have additional attractive financing options, both in the area of refinancing and for
further growth."

Contact
TAG Immobilien AG
Dominique Mann
Head of Investor & Public Relations
Phone: +49 (0) 40 380 32 305
ir@tag-ag.com

2024-05-27 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.eqs-news.com  
Language:     English 
Company:      TAG Immobilien AG 

Steckelhörn 5
20457 Hamburg
Germany

Phone:        040 380 32 0 
Fax:          040 380 32 388 
E-mail:       ir@tag-ag.com 
Internet:     http://www.tag-ag.com 
ISIN:         DE0008303504 
WKN:          830350 
Indices:      MDAX 
Listed:       Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, 

Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange
EQS News ID: 1911097

End of News EQS News Service
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1911097 2024-05-27 CET/CEST

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END) Dow Jones Newswires

May 27, 2024 01:00 ET (05:00 GMT)