Moody’s issues warnings about Berlin expropriations
The US rating agency Moody’s has issued a warning about the consequences that the expropriation of large housing companies could have for Berlin’s creditworthiness. The agency commented that Berlin’s credit profile would be negatively impacted in the long term if the planned referendum on the nationalization of private real estate companies passes. The expropriation of real estate companies would reduce the capital’s ability to attract investors and also push its debt to a record high. The Senate estimates that up to €36bn will be needed to pay compensations to the affected housing companies; the German federal state is currently €58bn in debt.
Subscribers to our premium service have access to this article in full as well as to an additional 480,000+ news items: all filterable by topic, company, asset class, city or keyword. In TD Premium you can search for investment deals, leases, current project developments and company news with pinpoint accuracy.
TD Premium is Germany's leading property information tool that interconnects news, transactions, project data, market and company information in a unique and flexible system.