Frasers Centrepoint Trust property, Causeway Point. (Photo: REITsWeek)Frasers Centrepoint Trust property, Causeway Point. (Photo: REITsWeek)

Moody's Investors Service has affirmed Frasers Centrepoint Trust's (FCT) Baa1 issuer rating, and maintained a stable outlook on the retail-focused, Singapore-listed REIT.

Moody’s has cited the REIT’s portfolio of well-located suburban malls, and stability of income as a major reason behind the ratings.

The REIT has also exhibited a resilient operating track record on active lease management, and achieving positive rental reversions through economic cycles, said Moody’s.

To read the full article, please login or subscribe.

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.