Frasers Centrepoint Trust hit by downgrades in wake of COVID-19 outbreak

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Singapore-listed retail REIT, Frasers Centrepoint Trust (FCT), has had its credit rating downgraded in the wake of the Singapore government’s latest curbs to stem the COVID-19 outbreak.

The REIT has a portfolio of six properties in Singapore, and these are namely Causeway Point, Northpoint City, Anchorpoint, YewTee Point, Bedok Point, and Changi City Point.

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