Credit quality of S-Reits coming under pressure: Moody's
Mitigating factors include industry's improved debt-maturity profile since the global financial crisis
Singapore
THE credit quality of Moody's-rated Singapore real estate investment trusts (S-Reits) will come under pressure over the next 12-18 months as their leverage weakens on the back of debt-funded investments, says Moody's Investors Service.
"We believe S-Reits will maintain an appetite for growth in Singapore and overseas, as they pursue yield-accretive acquisitions," said Moody's analyst Rachel Chua.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Vodafone gets green light for 5 billion euros sale of Spanish business
US dollar slips after unexpected rise in US producer prices
TSMC says construction of first European plant on track to start in fourth quarter
ESR attempts to suspend Sabana Reit’s May 24 EGM
US: Wall St nearly flat at open after hot inflation data
Miyoshi chief executive charged over accounting irregularity