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Nanette Real Estate (NAT)

Sector:

Real Estate

Market Cap

£42.09m

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Price Unchanged0.000p ()

Share Price

24.50p

A2 rating by Moody's

RNS Number : 9351V
Nanette Real Estate Group N.V.
04 June 2008
 




Nanette Real Estate Group NV

"Nanette" or "the Group"



A2 rating by Moody's Investors Service


Nanette is very pleased to announce that Midrog, the Moody's Investors Service Israeli affiliate, has reaffirmed the Company's rating at a level of A2.


This rating provides the Company with the ability to raise additional debentures on the Tel Aviv stock market of up to NIS 160 million (Euro 32 million). 


The Board welcomes the strategic flexibility provided by this rating, giving the ability to raise further funds and is currently in discussion as regards to an issue of debentures on the Tel Aviv market.


4 June 2008


ENQUIRIES:


Nanette Real Estate Group
 
Shaul Lotan
+ 972 3 7 100 200
Eyal Keltsh
+ 48 606 141 201
College Hill
+44 (020) 7457 2020
Paddy Blewer
 
Gareth David
 
KBC Peel Hunt
+44 (020) 7418 8900
Capel Irwin
 
Alina Savych
 
 
 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCEAPKLEDNPEEE

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

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