Viva Industrial Trust's 6 Chin Bee Avenue (Photo: Viva Industrial Trust)

Moody's Investors Service has withdrawn several ratings for Viva Industrial Trust, both firms disclosed on 21 February.

The ratings withdrawn include Viva Industrial Trust’s REIT component’s Ba1 corporate family rating, which comes with a stable outlook.

Other ratings withdrawn include a provisional (P) Ba2 rating on the trust’s SGD500 million multi-currency medium term note (MTN) programme, and the Ba2 rating on the SGD100 million 4.15% senior unsecured notes drawn down under this programme.

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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.