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The international rating agency S&P Global has upgraded the long-term rating of TAG Immobilien AG (TAG) to "BBB" with a stable outlook (previously: "BBB-" with a 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 a stable outlook (previously: "Baa3" with a positive outlook). At the same time, Moody's also raised its short-term rating to "P-2" from "P-3" previously.
The two rating upgrades underline TAG's strong financial indicators, such as the low leverage ratio compared to the sector, and the very good liquidity situation. The rating upgrade by S&P Global reflects in particular the strengthened capital structure following the IPO of the Polish subsidiary ROBYG S.A. The IPO will result in a total gross cash inflow of around EUR 295 million for the TAG Group, which will further strengthen the key financial figures and form the basis for further growth in all of TAG's business segments.
Martin Thiel, CFO and Co-CEO of TAG, comments: "The upgrades of our ratings by S&P Global and Moody's illustrate the strength of our capital structure and our operating business. ROBYG's IPO has further increased our financial strength and strategic options in Germany and Poland. On this basis, we can consistently continue our value-oriented growth strategy."
