Fitch expects operating profiles of four Reits to stay stable

FITCH Ratings yesterday affirmed the long-term issuer default ratings of the four Singapore Reits it rates.

It rated Mapletree Industrial Trust at BBB+/Stable and Parkway Life Reit at BBB/Stable; CDL Hospitality Trust and Far East Hospitality Trust both came in at BBB-/Stable.

These ratings measure their relative vulnerability to defaulting on financial obligations, as well as to bankruptcy, administrative receivership or similar situations.