Moody’s affirms rating on Frasers Centrepoint Trust, citing income stability

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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.

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