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Aroundtown SA ( (DE:AT1) ) just unveiled an announcement.
Aroundtown SA announced that Standard and Poor’s has downgraded its credit rating from BBB+ negative to BBB stable, citing recent market volatility and a weakening German economy as factors that may slow the company’s disposal activities and deleveraging progress. Despite the downgrade, Aroundtown has made significant progress in strengthening its financial position through various credit-enhancing measures. The company remains optimistic about its diversified portfolio’s potential to drive operational growth and is committed to maintaining a conservative financial profile, expecting future market improvements to restore its financial profile.
More about Aroundtown SA
Aroundtown SA is the largest listed German commercial real estate company, trading on the Prime Standard of the Frankfurt Stock Exchange. It invests in income-generating quality properties with value-add potential in central locations in top-tier European cities, primarily in Germany, the Netherlands, and London.
YTD Price Performance: -10.27%
Average Trading Volume: 2,469,089
Technical Sentiment Signal: Sell
Current Market Cap: €2.86B
For an in-depth examination of AT1 stock, go to TipRanks’ Stock Analysis page.