Credit quality of S-Reits coming under pressure: Moody's
Mitigating factors include industry's improved debt-maturity profile since the global financial crisis
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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.
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