Mapletree North Asia Commercial Trust downgraded on weakened credits metrics expectations


In the wake of news that it will be acquiring properties in Japan, Mapletree North Asia Commercial Trust’s (MNACT’s) credit ratings have been downgraded.

The REIT announced on 4 December 2019 that it will acquire two office properties in Greater Tokyo from its sponsor, Mapletree Investments, for a total acquisition cost of SGD482.5 million.

Related: Mapletree’s North Asia REIT accelerates income diversification with Tokyo acquisition

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