Stoneweg European Real Estate Investment Trust

...Stoneweg European Real Estate Investment Trust's (SEREIT) Long-Term Issuer Default Rating (IDR) reflects the trust's improved portfolio quality, combined with Fitch Ratings' expectation that its EBITDA net leverage will remain below 8x. We expect SEREIT will continue asset refurbishments and recycling of non-core properties or those with limited growth prospects, and use the proceeds to fund capex. We believe these efforts will generate steady like-for-like rent and cash flow growth over the medium term....

Rating Report