Planned Reit changes seen positive overall
But rating agencies Moody's and Fitch also draw attention to some risks
Singapore
CREDIT agencies Moody's and Fitch Ratings, weighing in on the impact of the Monetary Authority of Singapore's (MAS) proposed Reit reforms announced last week, called the changes largely positive, but with risks.
They agreed that the raising of the development limit for real estate investment trusts to 25 per cent of their total asset value (from 10 per cent currently) carried risks.
Moody's found this proposal to be "marginally credit …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
VinFast chief plans to invest US$1 billion more from his fortune in EV maker
Cordlife’s independent auditor to retire after issuing disclaimer of opinion on FY2023 financials
XPeng CEO says its software, AI upgrades to enter ‘super fast cycle’
Asia: Markets mixed as global rally stalls, eyes on yen
Morgan Stanley Asia private equity unit to reorganise as CEO retires