Moody’s affirms Ba1 rating for EPP

Moody’s Investors Service has affirmed its Ba1 corporate family rating for EPP, the largest retail property owner in Poland. Moody’s indicated that the rating is supported by EPP’s solid portfolio of large shopping centers in major Polish cities that are well positioned within their catchment areas. The company’s cash flow and asset values are supported by favorable macroeconomic fundamentals and strong underlying demand drives for its properties. “We are very pleased with Moody’s decision to confirm EPP’s rating. It reflects the strong fundamentals and stable outlook of our business. It also allows us to be confident while planning the further development of our assets and diversification of funding resources” said Jacek Bagiński, CFO of EPP.