...May 6, 2025 STOCKHOLM (S&P Global Ratings) May 6, 2025--S&P Global Ratings today assigned its '##+' long-term issue rating to the proposed green 300 million senior unsecured notes to be issued by shopping center owner Akropolis (##+/Stable/). The transaction will reduce the company's liquidity risk over the coming 12-24 months and extend its weighted-average debt maturity to well above three years with limited refinancing needs over the next two years. We rate the company's senior unsecured bond '##+', in line with the issuer credit rating. This is because we do not see significant subordination risk in the company's capital structure, with the ratio of secured debt to total outstanding debt representing about one third, well below our 50% threshold for which we would typically notch the issue down from the issuer credit rating. On May 6, 2025, Akropolis announced the issuance of a 300 million green unsecured bond with an expected maturity of five years. We understand that Akropolis will...
