TCI Subsidiary, Southern Properties Capital, Receives Bond Rating Increase by Standard & Poor’s Global Rating
Retrieved on:
Wednesday, February 5, 2020
As previously reported, TCI/SPC was the first Dallas based firm to raise capital on the Israeli bond market.
Key Points:
- As previously reported, TCI/SPC was the first Dallas based firm to raise capital on the Israeli bond market.
- View the full release here: https://www.businesswire.com/news/home/20200205005183/en/
TCI and Southern Properties Capital received notice of the revised rating on February 2,2020. - S&P increased the A & B bond series from a BBB+ rating to an A- rating and increased the C series from AAA- to A rating.
- The company then raised an additional $78 million bond series C on the Tel Aviv Stock Exchange in July 2019.