Investment Grade Rating

IMMOFINANZ received an investment grade rating (BBB-, stable outlook) on 22 January 2019 and S&P Global Ratings confirmed this rating in February 2021 as part of its annual review. After we announced our intention to make a voluntary public takeover offer to the shareholders of S IMMO AG in March 2021, S&P revised its outlook from stable to negative. At the S IMMO general meeting in June 2021, the majority required to revoke the maximum voting right was not reached. Consequently, a key condition for IMMOFINANZ’s takeover offer to S IMMO shareholders was not met. We decided not to amend our takeover offer, which, as a result was cancelled, and S&P has reinstated its stable outlook for the issuer rating. This rating and the outlook were confirmed during the annual review process in January 2022.