Fitch Ratings affirms Akropolis Group’s credit rating

International credit rating agency Fitch Ratings has affirmed the BB+ long-term credit rating with a stable outlook for Akropolis Group, a developer and manager of shopping and entertainment centres, the company reported.

The rating reflects the company’s strong occupancy rates, growing rental income, and increasing foot traffic in its shopping and entertainment centres in Lithuania and Latvia, according to Fitch’s report. Last year, the occupancy rate of Akropolis Group’s rental properties reached 99%, up from 98.3% in 2024.

The report also notes that the acquisition of Galio Group last year increased the value and diversification of Akropolis Group’s real estate portfolio across different asset classes.

Gabrielė Sapon, director of Akropolis Group, said the repeated affirmation of the BB+ rating for six consecutive years underscores the company’s financial stability, disciplined management, and long-term strategy.

Fitch added that the company’s stability is further supported by rising household consumption in Lithuania and Latvia, as well as projected GDP growth rates of 3% and 2% respectively in these countries this year.

In May 2025, Akropolis Group issued its first green bond, a €350 million five-year bond with a 6% annual coupon rate. The bonds are currently listed on the Nasdaq Vilnius and Euronext Dublin exchanges.