Outlook on Mapletree REIT downgraded to negative amid Hong Kong woes

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Mapletree North Asia Commercial Trust’s (MNACT’s) credit ratings’ outlook has been downgraded to negative by a major agency after the REIT’s largest asset was damaged in the ongoing Hong Kong protests.

As REITsWeek reported on 18 November, MNACT was the second top REIT disposed by institutional investors in the previous week, amid news that Festival Walk sustained significant damage in violence linked to the protests.

Related: Institutional investors dispose SGD22.8 million worth of Ascendas REIT units

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