Further rating upgrade: S&P Global raises TAG’s rating to “BBB” following Moody’s upgrade to “Baa2” in May
PRESS RELEASE
Further rating upgrade: S&P Global raises TAG’s rating to “BBB” following Moody’s upgrade to “Baa2” in May
Hamburg, 3 July 2026
The international rating agency S&P Global has upgraded TAG Immobilien AG’s (TAG) long-term rating to “BBB” with stable outlook (previously: “BBB-” with positive outlook) and raised the short-term rating from “A-3” to “A-2”.
In May 2026, the rating agency Moody’s had already upgraded TAG’s long-term rating to “Baa2” with stable outlook (previously: “Baa3” with positive outlook). At the same time, Moody’s also raised the short-term rating to “P-2” from “P-3”.
The two rating upgrades underline TAG’s strong financial metrics, such as its low leverage compared to the sector, and its very good liquidity position. The rating improvement by S&P Global reflects in particular the strengthened capital structure following the IPO of the Polish subsidiary ROBYG S.A. The IPO resulted in gross proceeds for the TAG Group of around EUR 295m, which will further strengthen the financial metrics and form the basis for further growth in all of TAG’s business areas.
Martin Thiel, CFO and Co-CEO of TAG, comments as follows: “The upgrades of our ratings by S&P Global and Moody’s underline the strength of our capital structure and our operating business. The IPO of ROBYG has further increased our financial strength and our strategic options in Germany and Poland. On this basis, we can consistently continue our value-oriented growth strategy.”
Contact
TAG Immobilien AG
Dominique Mann
Head of Investor & Public Relations
Fon: +49 (0) 40 380 32 305