Johannesburg, May 13, 2015 -- Moody's Investors Service, ("Moody's") has today upgraded Growthpoint Properties Limited's ("Growthpoint" or the "company") global scale issuer and senior unsecured ratings to Baa2/P-2 from Baa3/P-3, its national scale issuer ratings to A1.za/P-1.za from A2.za/P-2.za and its national scale senior unsecured Medium Term Note Programme (MTN) ratings to (P)A1.za/(P)P-1.za from (P)A2.za/(P)P-2.za. The outlook on all ratings has been changed to stable from positive.

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