Moody's Ratings affirms DEMIRE's Caa2 CFR, upgrades bonds to Caa2, outlook changed to stable
Moody's Ratings (Moody's) has affirmed the Caa2 long term corporate family rating ("CFR") of DEMIRE Deutsche Mittelstand Real Estate AG's ("DEMIRE" or "the company"). At the same time the senior unsecured rating of its €600 million note issuance now maturing in December 2027 was upgraded to Caa2 fr...DEMIRE Deutsche Mittelstand Real Estate is an investor and portfolio manager of commercial real estate in Germany. Key business processes include the acquisition, management and leasing of real estate and real estate development. Co.'s activities are divided into three business segments: Investments, Asset Management and Core Portfolio. The Investments segment comprises the real estate portfolios in Eastern Europe and the Black Sea region. The Asset Management segment provides services for the management of land and real estate. The Core Portfolio segment includes the domestic subsidiaries that are focused on German commercial real estate.
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