Fitch Ratings: Up expected govt, support drives recent rating

Fitch Ratings: Up expected govt, support drives recent rating

Fitch Ratings has maintained Akropolis Group's long-term borrowing rating at BB+ with a stable outlook for the fifth consecutive year, reflecting the company's robust financial performance. This rating is a testament to Akropolis Group's strong financial and operational performance, as well as its leading positions in the shopping centers it manages in various cities.

The credit rating agency has noted Akropolis Group's good financial health, high occupancy rates in its shopping centers, and its low vacancy rates. These factors contribute to the company's consistent revenue streams and sustainable business model. Gabrielė Sapon, CEO of Akropolis Group, commented on the positive assessment, stating, "This is a clear signal of our financial soundness and sustainable business model for both domestic and international investors."

In May 2025, Akropolis Group successfully issued its first EUR 350 million 5-year green bond with an annual interest rate of 6.00%. These bonds are listed on Nasdaq Vilnius and Euronext Dublin stock exchanges. The company's audited financial data for 2024 shows rental income of EUR 91.4 million and earnings before interest, tax, depreciation, and amortization (EBITDA) of EUR 87.8 million, representing year-over-year increases of 9% and 6%, respectively.

For more information, please contact Paulius Pocius, Head of Marketing and Communications at AKROPOLIS GROUP, UAB.

References:
[1] https://www.globenewswire.com/news-release/2025/07/14/3115026/0/en/Akropolis-Group-has-maintained-the-credit-rating-from-Fitch-Ratings-with-a-stable-outlook-for-five-years-in-a-row.html