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.
To read the full article, please login or subscribe.