TAG Immobilien AG rated investment grade by both rating agencies S&P Global
and Moody's

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

27.05.2024 / 07:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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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


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27.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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The issuer is solely responsible for the content of this announcement.

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   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 27.05.2024 CET/CEST