Moody’s applies Baa1 to Wereldhave

Moody's Investors Service said it assigned Wereldhave NV a long-term issuer rating of Baa1 with a stable outlook.

"Our decision to assign Wereldhave a Baa1 rating balances the company's good franchise, geographically diversified portfolio, moderate leverage and conservative financial policy," Roberto Pozzi, Moody's vice president, senior credit officer and lead analyst for Wereldhave, said in a news release.

The agency anticipates that the company's will successfully refinance short term debt maturities and that the availability liquidity, including both cash and long term committed credit facilities, will cover all its cash outflows over the next 12 to 18 months, including dividends and planned maintenance capital expenditures.

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