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EPP N.V. -- Moody's affirms Ba1 rating on EPP N.V.

Rating Action: Moody's affirms Ba1 rating on EPP N.V. London, 13 November 2018 -- Moody's Investors Service (Moody's) has today affirmed the Ba1 corporate family rating (CFR) of EPP N.V. (EPP), a real estate company that owns and manages shopping centres in Poland (A2 stable). In line with our methodology, EPP's reference Ba1 CFR is equal to the senior secured rating, which means that any hypothetical senior unsecured instrument will have a Ba2 rating, one notch lower compared to the CFR.