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Fortress Real Estate Investments Limited: Update to credit analysis fo...

Our credit view of this issuer reflects its solid gross debt to total assets ratio and net debt to EBITDA at the current rating level, constrained by its weak fixed-charge coverage ratio.

Moody's Ratings affirms Fortress' Ba2 CFR; stable outlook

Moody's Ratings (Moody's) has today affirmed the Ba2 long-term corporate family rating (CFR) of Fortress Real Estate Investments Limited (Fortress), a South Africa based commercial real estate company listed on the Johannesburg Stock Exchange. We additionally affirmed the company's Aa2.za national s...

Fortress Real Estate Investments Limited: Update to credit analysis

Our credit view of this issuer reflects its solid gross debt to total assets ratio at the current rating level albeit a weak ICR, constrained by its geographic concentration in South Africa.

Moody's Ratings announces completion of a periodic review of ratings o...

Moody's Ratings (Moody's) has completed a periodic review of the ratings of Fortress Real Estate Investments Limited and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 4 February 2025 in which we reassessed the appropriateness of the ...

Fortress Real Estate Investments Limited: Update to credit analysis fo...

Our credit view of this issuer reflects its solid LTV ratio at the current rating level, constrained by its weakening fixed-charge coverage ratio and tight liquidity management.

Moody's affirms Fortress' Ba2 CFR; outlook changed to stable

Moody's Investors Service ("Moody's") has today affirmed the Ba2 long-term corporate family rating (CFR) of Fortress Real Estate Investments Limited (Fortress), a South Africa based commercial real estate company listed on the Johannesburg Stock Exchange. Moody's additionally affirmed the company's ...

Fortress Real Estate Investments Limited: Update to credit analysis

Our credit view of this issuer reflects its good asset quality, against a weak operating environment in South Africa and a weakening fixed-charge coverage ratio.

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