Fitch rates Akropolis, notes BB+

Fitch Ratings said it assigned a BB+ rating to Akropolis Group UAB and an expected BB+ senior unsecured rating its planned €300 million bond. These ratings are Fitch’s first for the company.

“Akropolis' ratings are constrained by concentration on a limited number of assets, restricting asset and geographical diversification. The largest asset comprises above 40% of the group's portfolio. This asset concentration is expected to improve as assets are acquired and an ongoing development project completes in 2024,” Fitch said in a press release.

The outlook is stable.

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