Accelerate Property Fund Limited

South Africa

Accelerate Property Fund Limited Rated (2021-09)

Accelerate is proceeding with its intention to sell its European assets, which is expected to provide support to the funding profile. Following the repayment of the related Euro debt, the REIT expects to receive around R600m in net proceeds. These will be used to repay domestic debt facilities, which should see the overall LTV fall to around 41% and the SPV LTV to 42%. There are also around R200m in asset sales that are expected to transfer before 1H FY22 with the proceeds to be used to redeem debt, whilst the REIT has a larger sales pipeline of R759m whose proceeds will be used to further reduce debt as required and to fund the future development of core investment properties.

Tokens: 3 Price: USD 300.00

Accelerate Property Fund Limited

The operating environment assessment is underpinned by Accelerate’s predominantly South African property portfolio, which is where most of its revenue is generated. The country risk score of ‘7.0’ assigned to Accelerate reflects the predominant exposure to the South African operating environment, which is where most of its assets are located and the majority of its revenue is generated.

Tokens: 2 USD 150.00

Accelerate Property Fund Limited (2018-08)

A Credit Rating report is a research report providing detailed analysis utilised by GCR in the accordance of a Credit Rating.
Tokens:1 Price: USD 75.00

Accelerate Property Fund Limited (2018-08)

A Credit Rating report is a research report providing detailed analysis utilised by GCR in the accordance of a Credit Rating.

Accelerate Property Fund Limited (2018-08)

A Credit Rating report is a research report providing detailed analysis utilised by GCR in the accordance of a Credit Rating.

Accelerate Property Fund Limited (2017-10)

A Credit Rating report is a research report providing detailed analysis utilised by GCR in the accordance of a Credit Rating.

Accelerate Property Fund Limited (2016-12)

A Credit Rating report is a research report providing detailed analysis utilised by GCR in the accordance of a Credit Rating.

Accelerate Property Fund Limited (2016-11)

A Credit Rating report is a research report providing detailed analysis utilised by GCR in the accordance of a Credit Rating.

Accelerate Property Fund Limited (2016-08)

A Credit Rating report is a research report providing detailed analysis utilised by GCR in the accordance of a Credit Rating.

Accelerate Property Fund Limited (2015-08)

A Credit Rating report is a research report providing detailed analysis utilised by GCR in the accordance of a Credit Rating.

Accelerate Property Fund Limited (2014-11)

A Credit Rating report is a research report providing detailed analysis utilised by GCR in the accordance of a Credit Rating.

Accelerate Property Fund Limited (2014-09)

A Credit Rating report is a research report providing detailed analysis utilised by GCR in the accordance of a Credit Rating.

Accelerate Property Fund Limited (2014-08)

A Credit Rating report is a research report providing detailed analysis utilised by GCR in the accordance of a Credit Rating.

Accelerate Property Fund Limited Current Ratings

Issue Name Rating Country Rating Published
-- Short Term rating: A3(ZA); Outlook: Negative South Africa 25-08-2020 0:00:00
Senior Secured Notes - APF01 Long Term Rating: AA-(ZA); Outlook: Stable South Africa 25-08-2017 0:00:00
Senior Secured Notes - APF03 Long Term Rating: AA-(ZA); Outlook: Stable South Africa 25-06-2018 0:00:00
Senior Secured Notes - APFC01 Long Term Rating: AA-(ZA); Outlook: Stable South Africa 19-07-2018 0:00:00
Senior Secured Notes - APF02 Long Term Rating: Withdrawn(ZA)(EL); South Africa 04-10-2019 0:00:00
-- Long Term Rating: BBB(ZA); Outlook: Negative South Africa 25-08-2020 0:00:00
Senior Secured Notes - APF05 Long Term Rating: Withdrawn(ZA)(EL); South Africa 25-08-2020 0:00:00
Senior Secured Notes - APF13 Long Term Rating: Withdrawn(ZA)(EL); South Africa 01-07-2021 0:00:00
Senior Secured Notes - APF06 Long Term Rating: A(ZA)(EL); Outlook: Negative South Africa 07-06-2021 0:00:00
Senior Secured Notes - APF07 Long Term Rating: A(ZA)(EL); Outlook: Negative South Africa 07-06-2021 0:00:00
Senior Secured Notes - APF08 Long Term Rating: A(ZA)(EL); Outlook: Negative South Africa 07-06-2021 0:00:00
Senior Secured Notes - APF09 Long Term Rating: A(ZA)(EL); Outlook: Negative South Africa 07-06-2021 0:00:00
Senior Secured Notes - APF10 Long Term Rating: A(ZA)(EL); Outlook: Negative South Africa 07-06-2021 0:00:00
Senior Secured Notes - APF11 Long Term Rating: A(ZA)(EL); Outlook: Negative South Africa 07-06-2021 0:00:00
Senior Secured Notes - APF12 Long Term Rating: A(ZA)(EL); Outlook: Negative South Africa 07-06-2021 0:00:00
Senior Secured Notes - APF04 Long Term Rating: A(ZA)(EL); Outlook: Negative South Africa 07-06-2021 0:00:00
Senior Secured Notes - APF14 Long Term Rating: A(ZA)(EL); Outlook: Negative South Africa 07-06-2021 0:00:00
Senior Secured Notes - APF16 Long Term Rating: A(ZA)(EL); Outlook: Negative South Africa 07-06-2021 0:00:00
Senior Secured Notes - APF15 Long Term Rating: A(ZA)(EL); Outlook: Negative South Africa 07-06-2021 0:00:00
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