July 24 2026 16:30
SOUTH AFRICA
GCR Ratings this week released a credit rating announcement in which retail landlord Vukile’s credit rating has remained unchanged and GCR has affirmed the national scale issuer rating of AA+(ZA) and A1+(ZA), for the long and short-term respectively, with a stable outlook.
GCR said the issuer rating reflected Vukile’s “large, geographically diverse retail portfolio, with proven asset enhancement strategies supporting consistently strong operating performance” and also considered Vukile’s “demonstrated capital discipline, having grown its property portfolio materially over the past two and a half years, via a balanced mix of debt, equity and asset recycling, with a sound financial profile expected to be maintained”.
247@propertyflash.co.za
