Temasek-linked Astrea PE bonds get Fitch upgrades, affirmations
Ratings agency cites diversified portfolios, over-collateralisation, ability to pass loan-to-value tests, among others
Add BT as a preferred source
Vivienne Tay
Singapore
FITCH Ratings has upgraded and affirmed its ratings assigned to a series of private-equity (PE) bonds offered by Astrea III and Astrea IV, both Temasek-linked PE vehicles.
Astrea III's US$170 million Class A-2 notes are now rated "A+(sf)" from a previous "A(sf)" grade, while its US$100 million Class B notes are rated "BBB+(sf)", from a previous "BBB(sf)" grade.
TRENDING NOW
CapitaLand Investment to restructure portfolio, recycle up to S$9 billion
Genting Singapore H1 profit falls 33.5% to S$156.1 million despite stable revenue
MSCI drops S-E Asian heavyweights Sembcorp, GoTo and Ayala Land from global benchmarks
DBS names new heads for Hong Kong, Taiwan and Indonesia markets
