Argan announces that S&P Global Ratings has upgraded the outlook on its long-term issuer rating to 'Stable' from 'BBB-'.

S&P Global Ratings has upgraded the outlook on Argan's 'BBB-' rating from 'Negative' to 'Stable'. This credit rating review comes after the successful €150 million capital increase, launched and finalized on April 23, as part of the reinforcement of the property company's development and debt reduction plan.

' This upgrade reflects the relevance of the Group's strategy of controlled growth and strong debt reduction, as well as the growing confidence of financial markets in the Argan signature, reinforced by regular and transparent financial communication', says the group.

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