Keppel Reit rating not affected by MBFC buy: S&P

CREDIT-RATING agency Standard & Poor's (S&P) said on Tuesday that Keppel Reit's BBB rating is not affected by its proposed acquisition of a one-third stake in Marina Bay Financial Centre (MBFC) Tower 3.

The net purchase price is about S$1.2 billion.

"We expect the acquisition to enhance Keppel Reit's portfolio...

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