Fitch expects operating profiles of four Reits to stay stable

FITCH Ratings yesterday affirmed the long-term issuer default ratings of the four Singapore Reits it rates.

It rated Mapletree Industrial Trust at BBB+/Stable and Parkway Life Reit at BBB/Stable; CDL Hospitality Trust and Far East Hospitality Trust both came in at BBB-/Stable.

These ratings measure their relative vulnerability to defaulting on financial obligations, as well as to bankruptcy, administrative receivership or similar situations.

Fitch said the operating profiles of the four Reits are likely to remain stable, and that healthy refinancing flexibility and low int…