Moody’s shifts Wereldhave view to stable

Moody’s Investors Service said it changed the outlook to stable from negative and affirmed the B1 corporate family rating and the B1 rating on the backed senior unsecured bonds of Wereldhave NV. Subsequently, Moody’s will withdraw all of Wereldhave’s ratings and the outlook for business reasons.

“The rating affirmation and the stable outlook follows an improved liquidity profile and a weak but stabilizing operating performance that is factored into the B1 rating. Liquidity has improved with Wereldhave entering into a number of refinancing transactions in the last three months that enables the company to cover its cash outflows into 2022 even assuming no further sales or renewing of financings, including commercial papers,” Moody’s said in a press release.

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