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Latest News: Hyprop Investments Ltd. HYPROP [HYP]

Thu, 29 Oct 2026	Official Announcement [TZ]
Hyprop - credit rating notification GCR Ratings has upgraded Hyprop's long-term and short-term national scale issuer ratings to AA-(ZA) and A1+(ZA) respectively, both with a stable outlook. The international scale issuer ratings were affirmed at BB- and B, also with a stable outlook. The upgrade and stable outlook reflect improvements to Hyprop's capital structure and gearing metrics over the past 24 months. Its liquidity position remains robust, with R1.7 billion in cash as at 30 June 2026 and R2.1 billion in unutilised committed facilities. GCR highlighted the strong performance of the SA and EE property portfolios, rising property valuations and further international diversification following the Galleria Burgas acquisition. The stable outlook assumes continued strong operational performance, an LTV of around 30% and interest coverage above 3.0 times. The full notification is available on Hyprop's website.
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