ESR-REIT's 70 Seletar Aerospace View (Photo: REITsWeek)

Moody's Investors Service has affirmed ESR-REIT's Baa3 issuer rating.

The ratings agency has also affirmed the provisional Baa3 senior unsecured rating on a SGD750 million (USD558 million) debt issuance programme established by the REIT’s trustee and co-issuer, RBC Investors Services.

The outlook on all ratings is stable.

The ratings affirmation has been made in the wake of revelations that ESR-REIT’s could merge with Viva Industrial Trust (VIT), a Singapore-listed stapled trust.

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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.