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S&P cuts Viva Industrial Trust's rating to BB

It cited trust's "uncertain risk tolerance and aggressive growth appetite", as well as its leverage which has historically exceeded its long-term target of 35-40%
Tuesday, July 28, 2015 - 05:50

Singapore

STANDARD & Poor's last Friday lowered Viva Industrial Trust's corporate credit rating from BB+ to BB, one notch down the speculative grade (or "junk") spectrum.

It cited reasons such as the trust's "uncertain risk tolerance and aggressive growth appetite", as well as

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