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. The extraordinary shareholders’ meeting of S IMMO did not pass a resolution on the amendments to the Articles of Association regarding the maximum voting right. Consequently, a condition for the takeover offer by IMMOFINANZ to the shareholders of S IMMO was not met. IMMOFINANZ has decided not to amend the takeover offer which, as a result, is now cancelled. S&P has revised its outlook from negative back to stable due to the candelled takeover offer. See the rating reports here: