RATINGS

BUCHAREST (Romania), 1st of October 2020

The rating agency Standard & Poor's has attributed the same credit rating "B-" with a stable outlook, rating also granted in 2019, to Impact Developer & Contractor, the only developer in Romania listed on the Bucharest Stock Exchange.

Deliveries within the Luxuria Residence and Greenfield Baneasa projects will support the growth of the company in the next 12-24 months, along with the new Boreal Plus residential project, a new development in Constanta estimated to generate revenues starting with 2021.

The sustained pace of presales and a diversified customer base are elements that support the activity of Impact Developer & Contractor.

The full S&P report here.

BUCHAREST (Romania), November 28

S&P Global Ratings said it is assigning Romanian residential real estate developer Impact Developer & Contractor (Impact) a long-term issuer credit rating of 'B-' with stable outlook.

The stable outlook reflects S&P's view that Romania's growing economy and disposable incomes are likely to support good demand for Impact's real estate projects at least for the next 12 months, S&P Global Ratings said.

For more details, please read more.