Company Briefs

Sabana Reit remains investment grade

SABANA Shari-ah Compliant Industrial Real Estate Investment Trust remains an investment grade borrower, according to ratings agency Standard & Poor's. The industrial property investor's long-term corporate credit rating was affirmed at "BBB-" and its long-term Asean regional scale rating kept at "axA-" with a stable outlook. S&P said it expects Sabana Reit to manage its peak lease expiry in 2015 and occupancy rates to improve gradually over the next 12 to 18 months.

CCM plans to change its name