Keppel REIT's Ocean Financial Centre, Singapore.Keppel REIT's Ocean Financial Centre, Singapore.

The managers of Singapore-listed Keppel REIT, announced 10 September that it has requested Standard & Poor’s Ratings Services to withdraw the S&P’s corporate credit rating on Keppel REIT.

“In connection with the withdrawal of the corporate credit rating, S&P has reaffirmed the final “BBB” long-term corporate credit rating and “axA” long-term ASEAN regional scale ratings on Keppel REIT, with a stable outlook”, the office REIT said.

Managers of Keppel REIT has not indicated why it has requested for the withdrawal.

“Following this withdrawal, Keppel REIT continues to be rated by Moody’s Investors Service, and is rated “Baa2” with a stable outlook”, the REIT added.

Units of Keppel REIT last changed hands on the Singapore Exchange at SGD0.95.

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.