S-Reits ratings to remain stable next year: Fitch

Singapore

RATINGS on Singapore real estate investment trusts (S-Reits) are expected to remain stable next year, according to Fitch Ratings, although hospitality Reits are likely to face more downside risks than other sectors.

"Tourist arrivals into Singapore are likely to remain weak in 2015, due to softer economic growth in China and higher inflation in Indonesia - two key inbound markets," Fitch said in a report released on Tuesday. But it expects the ratings of CDL Hospitality Trust (BBB-/Stable) and Far East Hospitality Trust (BBB-/Stable) to remain unchanged n…