Moody’s affirms ESR-REIT’s Baa3 rating citing improved business profile


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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