Analysts justified the rating improvement by the higher, high-quality value of the company’s property portfolio.
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Credit Suisse experts have revised their rating for Zug Estates after the publication of the 2019 results. The rating has been raised by “Low BBB” to “Mid BBB” and the outlook remains “stable”.
Analysts justified the change by the higher, higher-quality value of the company’s property portfolio as well as by long-term solid credit figures. They will keep an eye on the company’s desire to focus on shareholders with the promise of extraordinary dividends in 2020 and 2021.
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