On April 24, 2018, S&P Global Ratings assigned ’MM3’ mid-market evaluation (MME) rating to Estonian closed-end investment fund Baltic Horizon Fund, managed by Northern Horizon Capital AS, and ’MM3’ rating to Baltic Horizon Fund’s proposed EUR 30 million senior unsecured notes subject to final terms of the transaction.
The Fund is the first issuer listed on the Nasdaq Baltic Stock Exchange that has been rated by a global rating agency. The indicative corresponding rating between the MME rating scale of ’MM3’ to the global rating scale is ’BB+ / BB’.
Description of the assessment of Baltic Horizon Fund’s mid-market business credit profile and financial credit profile as well as the mid-market evaluation rating methodology are attached to the release and are also available on the Fund´s website.
This release is further to the information announced to the market on April 5, 2018 and April 20, 2018.
The Fund is a registered contractual public closed-end real estate fund that is managed by Alternative Investment Fund Manager license holder Northern Horizon Capital AS.
Distribution: GlobeNewswire, Nasdaq Tallinn, Nasdaq Stockholm, www.baltichorizon.com