Market announcement
Baltic Horizon Fund / Northern Horizon Capital AS
LEI code
5299008IKT93E4SA0G49
Size of the entity
Small undertaking
Economic activities
Financial and Insurance Activities
Industry sector(s)
Management company
Country of registered office
Estonia
General information
Categories
Other corporate action
Unique data record identifier
6617
Attachments
Submission date and time
25.04.2018 08:00:00
Content of announcement in Estonian
Title
S&P Global Ratings määras Baltic Horizon Fondile turu keskmise suurusega ettevõtete krediidivõimelisuse hinnangus reitingu „MM3“
Message
24. aprillil 2018 määras S&P Global Ratings Eesti kinnisele investeerimisfondile Baltic Horizon Fond, mida valitseb Northern Horizon Capital AS, turu keskmise suurusega ettevõtete krediidivõimelisuse hinnangus (Mid-Market Evaluation, MME) reitingu ?MM3". Baltic Horizon Fondi poolt planeeritavate 30 miljonit euro ulatuses emiteeritavate tagamata senior võlakirjade reitinguks määrati samuti ?MM3" (sõltuvuses tehingu lõplikest tingimustest). Fond on esimene emitent Nasdaq Balti börsil, millele on reitingu andnud rahvusvaheline reitinguagentuur. MME skaalal olev "MM3" reiting vastab indikatiivselt ülemaailmase reitingu skaalal ?BB+" / ?BB" reitingule . Baltic Horizon Fondi keskmise suurusega ettevõtete äritegevuse krediidiprofiil ja finants-krediidiprofiili hindamise kirjeldus ning ka keskmise suurusega ettevõtete krediidivõimelisuse hinnangu reitingu metodoloogia on lisatud väljaandele ning on kättesaadavad ka Fondi veebilehel. Käesolev teade on täiendav informatsioon teadaannetele, mis avaldati 5. aprillil 2018 ja 20. aprillil 2018. Lisainfo: Tarmo Karotam Baltic Horizon Fund, fondijuht E-mail [email protected] (mailto:[email protected]) www.baltichorizon.com (http://www.baltichorizon.com/) Fond on registreeritud lepinguline avalik kinnine kinnisvarafond, mida valitseb alternatiivfondivalitseja Northern Horizon Capital AS. Avaldamine: GlobeNewswire, Nasdaq Tallinn, Nasdaq Stockholm, www.baltichorizon.com Manused * Baltic Horizon Fund RU 4.24.18 (https://prlibrary- eu.nasdaq.com/Resource/Download/241551f3-a6d4-4345-81fb-32f574a12dc7) * RatingsDirect_CriteriaCorporatesGeneralMidMarketEvaluationRatingMethodol... (https://prlibrary-eu.nasdaq.com/Resource/Download/8ad0a0dc-f9d4-42b3-b077- fd8ab1050dd0)
Content of announcement in English
Title
Baltic Horizon Fund assigned 'MM3' Mid-Market Evaluation Rating by S&P Global Ratings
Message
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. Additional information: Tarmo Karotam Baltic Horizon Fund manager E-mail [email protected] (mailto:[email protected]) www.baltichorizon.com (http://www.baltichorizon.com/) 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 Attachments * Baltic Horizon Fund RU 4.24.18 (https://prlibrary- eu.nasdaq.com/Resource/Download/241551f3-a6d4-4345-81fb-32f574a12dc7) * RatingsDirect_CriteriaCorporatesGeneralMidMarketEvaluationRatingMethodol... (https://prlibrary-eu.nasdaq.com/Resource/Download/8ad0a0dc-f9d4-42b3-b077- fd8ab1050dd0)