Growthpoint Properties Limited: Update Following the Downgrade of the Ratings to Baa3, Outlook Negative
CORPORATES CREDIT OPINION 19 June 2017 Update RATINGS Growthpoint Properties Limited Domicile Johannesburg, South Africa Long Term Rating Baa3 Type LT Issuer Rating - Dom Curr Outlook Negative Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Dion Bate 27-11-217-5472 VP-Senior AnalysGrowthpoint Properties is a real estate investment trust (REIT) company., As of June 30 2014, Co.'s property portfolio comprised 436 owned and managed properties in the South African Industrial, Office and Retail sectors, 51 properties through its investment in Growthpoint Properties Australia (GOZ), and a 50% interest in the properties of the V&A Waterfront. Co.'s primary business is long-term investment in quality, rental-generating properties. Co. oeprates two segments South Africa, and Australia. Co.'s South Africa segment comprised of Retail, Office, and Industrial.
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