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Moody’s assigns Baa1 rating to Wereldhave N.V.; stable outlook

e N.V.; stable outlook

Schiphol, the Netherlands, 2016-02-03 07:58 CET (GLOBE NEWSWIRE) --

Moody's Investors Service has assigned Wereldhave N.V. a first-time long-term
issuer rating of Baa1, with a stable outlook.

Robert Bolier, Wereldhave’s CFO says:

“I am very pleased with this inaugural rating as it is a logical next step
after completing our transformation into an operator of convenience shopping
centres by disposing of non-core properties and increasing scale in key
markets, whilst maintaining a conservative leverage ratio. The loan to value
ratio stood at a solid 37.5% at year-end 2015, whereas the average cost of debt
was 2.2% and the interest cover ratio was 5.6 times.

We have moderate funding needs for the year ahead and we do not anticipate a
large debt issue. The Baa1 rating however puts us in a very good position to
further diversify our funding sources and to keep the cost of debt among the
lowest in the sector if and when the need arises.”

The press release as issued by Moody’s can be found by using the link below.

Moodys assigns Baa1 rating to Wereldhave NV

Information for the press:
Richard W. Beentjes
T + 31 20 702 78 32

Information for analysts:
Jaap-Jan Fit
T + 31 20 702 78 43

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