Announcements
Drinks
30/11/2023 Rating announcement EN
Scope downgrades Deutsche Konsum’s issuer rating to B under review for a developing outcome
The rating downgrade reflects DKR’s recent announcement of significant write-downs on property values and shareholder loans, impairing both credit metrics and upcoming refinancings.
29/3/2022 Rating announcement EN
Scope affirms BB+/Stable issuer rating of Deutsche Konsum REIT-AG
The rating affirmation reflects continued growth paired with stable credit metrics. Cash flow is resilient and valuation risk from peaking inflation is limited, given a large share of CPI-linked lease contracts and defensive property holdings.
30/4/2021 Rating announcement EN
Scope affirms BB+/Stable issuer rating on Deutsche Konsum REIT-AG
The affirmation is driven by Scope’s view that the defensive characteristics of the issuer’s tenant portfolio support stable cash flow and thus stable credit metrics despite the fallout of the pandemic on the retail sector.
25/2/2019 Rating announcement EN
Scope upgrades issuer rating of Deutsche Konsum REIT-AG to BB+, Outlook Stable
The upgrade is driven by the company’s ability to successfully address its short-term liquidity needs by extending the maturity of convertibles to 2025 and refinancing short-term debt with a long-term bond and bank debt.
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