Sirius Real Estate s investment grade rating applauded by broker
The structure of Sirius’s higher-yielding portfolio is a positive as rent collection rates have remained at a fairly high level Sirius owns business parks in Germany
Sirius Real Estate PLC’s (LON:SRE) investment-grade rating yesterday underlines the property group’s willingness to keep strict financial discipline, says Berenberg.
The FTSE 250 group was rated “BBB” with a stable outlook by Fitch in its first credit assessment.
Fitch said the structure of Sirius’s higher-yielding portfolio was a positive as rent collection rates have remained at a fairly high level, noted the broker.