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Fitch affirms Globalworth Real Estate Investments ratings

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Fitch affirms Globalworth Real Estate Investments ratings

Fitch Ratings affirmed Globalworth Real Estate Investments Ltd.'s long-term issuer default rating at BBB-, with a stable outlook.

The affirmation is based on the company's sizable portfolio of modern office spaces in Romania and Poland, stable recurring rental income from a multinational tenant base and a strong financial profile.

The rating agency also noted that Globalworth Real Estate's purchase of minority interests in Globalworth Poland RE has streamlined the group's capital structure and improved its financial profile.