Credit quality of S-Reits coming under pressure: Moody's
Mitigating factors include industry's improved debt-maturity profile since the global financial crisis
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Three directors linked to Kweks’ father-son feud quit Millennium & Copthorne board
COEs: Mainstream car category tops bidding at S$123,010 as demand ‘just too strong’
New CPF life-cycle investment scheme could channel up to S$9 billion a year into Singapore stocks: Citi
Middle East-linked energy supply shocks put Asean Power Grid back in focus
