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NEPI ROCKCASTLE PLC - Fitch affirms NEPI Rockcastles BBB Long-Term Corporate Credit Rating

Release Date: 01/11/2018 12:00
Code(s): NRP     PDF:  
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Fitch affirms NEPI Rockcastle’s BBB Long-Term Corporate Credit Rating

NEPI Rockcastle plc
Incorporated and registered in the Isle of Man
Registered number 014178V
JSE and Euronext share code: NRP
ISIN: IM00BDD7WV31
("NEPI Rockcastle" or "the Company")


FITCH AFFIRMS NEPI ROCKCASTLE'S BBB LONG-TERM CORPORATE CREDIT RATING


Fitch Ratings ("Fitch") has affirmed NEPI Rockcastle's Long-Term Corporate Credit Rating and senior unsecured
rating at 'BBB' with a Stable Outlook.

The ratings reflect the group's expanding retail portfolio of dominant shopping centres in large and medium-sized
urban conglomerations across Central and Eastern Europe (CEE).

Fitch underlines that, despite rapid growth, the Company has maintained a conservative financial profile with
good liquidity and a high degree of financial flexibility. In addition, Fitch emphasizes that the group's expansion
is steadily reducing asset concentration and continues to increase geographic diversification into higher-rated
countries, which positively impacts on its credit rating assessment.

The Stable Outlook reflects the rating agency's expectations that NEPI Rockcastle will continue its expansion
and effectively integrate the properties acquired into the existing portfolio, while maintaining its strong
operational and financial profile.

The report issued by Fitch is available on the Company's website, http://nepirockcastle.com/wp-
content/uploads/2018/11/Fitch-Affirms-NEPI-Rockcastle%E2%80%99s-BBB-Credit-Rating.pdf.

This announcement is for information purposes only.

For further information please contact:

NEPI Rockcastle plc
Mirela Covasa                                                +40 721 371 100

JSE sponsor
Java Capital                                                 +27 11 722 3050

Euronext Listing Agent
ING Bank                                                     +31 20 563 6799

Media Relations                                              NEPI@brunswickgroup.com
Brunswick Group LLP                                           +44 20 7404 5959

1 November 2018

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