Mapletree Logistics Trust’s ratings downgraded given gloomy outlook on credit metrics

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Mapletree Logistics Trust's (MLT’s) issuer rating has been downgraded from Baa1 to Baa2 by Moody’s Investor Services on expectations that the REIT’s credit metrics may soon weaken.

Moody’s has also has downgraded notes and programs linked to the REIT from from (P) Baa1 to (P) Baa2.

Mapletree Logistics Trust announced on 5 July that it will be acquiring five logistics properties across Singapore from CWT Pte Ltd and its subsidiaries for SGD805.9 million (USD592 million).

Read: Mapletree Logistics Trust makes USD0.5 billion acquisition of five properties

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