AG Trust's golf course holding company gets BBB+ rating from Japan agency
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
ACCORDIA Golf Trust Management, the trustee-manager of Accordia Golf Trust (AG Trust), announced on Tuesday that AG Trust's golf course holding company in Japan, Accordia Golf Asset Godo Kaisha, has obtained a "BBB+" rating from Japan Credit Rating Agency (JCR) on a total of 45 billion yen (S$504 million) of asset-backed loans.
JCR assigned the "BBB+" rating to the company's asset-backed loans in three tranches of 15 billion yen each, with final repayment periods of three, four and five years respectively.
Accordia Golf Asset Godo Kaisha holds an initial portfolio of 89 golf courses for the purpose of managing and operating the golf course business.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
