VGP’s ‘BBB-’ Credit Rating reaffirmed by Fitch Ratings

Regulated Information

Antwerp, Belgium, 4 September 2024 (07.00 a.m. CET)

VGP NV (‘VGP’ or ‘the Group’), a European provider of high-quality logistics and semi-industrial real estate, has had its credit rating reaffirmed by the Rating Agency Fitch Ratings (‘Fitch’). Fitch has reaffirmed the credit rating for VGP NV with a Long-Term Issuer Default Rating (IDR) and senior unsecured rating at 'BBB-'. The Outlook on the rating is Stable.

Fitch stated: “The ratings reflect VGP’s continued discipline in managing development risk, from land location and price, the quality of units built, pre-lets, its development profit headroom, to completion when new properties are sold to pre-funded dedicated 50-50 joint ventures (JVs).”

For further details and the full rating report please refer to the Fitch corresponding press release on the rating agency website: https://www.fitchratings.com/.