Announcements
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![Scope affirms BB/Stable issuer rating on Adler Real Estate AG](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_92d3af5b3697923a9f12ac2e344f0229aeeff49ecbf2be4931da831751c4ff35.jpg)
29/9/2021 Rating announcement EN
Scope affirms BB/Stable issuer rating on Adler Real Estate AG
The affirmation follows the robust H1 2021 results at Adler Real Estate AG and parent Adler Group S.A. due to the full-period contribution from acquired entities, along with refinancing, portfolio rotation/optimisation and like-for-like rental growth.
![Scope affirms issuer rating on ADLER Real Estate AG at BB, Outlook Positive](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_cf7b66aa4e118dfbc6efab0380000fa66c6bb266ff3d3b67d4d8dcd49c66c0a1.jpg)
16/4/2019 Rating announcement EN
Scope affirms issuer rating on ADLER Real Estate AG at BB, Outlook Positive
ADLER’s improved size, asset quality and profitability support the rating affirmation despite the temporary increase in leverage. Scope expects the company to reduce leverage via disposal activity, with proceeds used to pay down debt.
![Scope affirms ADLER's ratings and changes Outlook to Positive after the acquisition of BCP](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_85e727d533a2988252cabe9f25c3ad965b6822ea935728ef3964ae3b1899450b.jpg)
12/4/2018 Rating announcement EN
Scope affirms ADLER's ratings and changes Outlook to Positive after the acquisition of BCP
The change in Outlook reflects the anticipated positive impact of the successful acquisition of 70% + one share of the share capital of Brack Capital Properties N.V. (BCP) on the company's business and financial risk profile.
![Scope places ADLER's ratings under review for possible upgrade after announcement to acquire BCP](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_a80e2c3842620195bca2b5e723914c8df937bb3aa7d29c5b60beb21c86ac27ce.jpg)
26/2/2018 Rating announcement EN
Scope places ADLER's ratings under review for possible upgrade after announcement to acquire BCP
The review for possible upgrade reflects the anticipated positive impact of a successful acquisition of 70% + one share of the share capital of Brack Capital Properties NV (BCP) on the company's business and financial risk profiles.
![Scope upgrades Adler’s issuer rating to BB and senior unsecured debt to BB+, Outlook Stable](https://www.scopegroup.com/ScopeOneApi/images/announcement-img?imageName=mitteilung_155727.jpg)
11/1/2018 Rating announcement EN
Scope upgrades Adler’s issuer rating to BB and senior unsecured debt to BB+, Outlook Stable
The upgrade reflects the company’s successful restructuring of debt, expected to improve credit metrics, and the disposal of the volatile trading business (Accentro) to a private partnership, which should stabilise cash flows further.
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