Festival Walk, a property of Mapletree North Asia Commercial Trust

The credit ratings of Mapletree North Asia Commercial Trust (MNACT) have been downgraded amid worsening economic conditions in Hong Kong, and softer growth in mainland China.

The REIT, which is sponsored by the Singapore sovereign wealth fund-backed Mapletree Investments, has a portfolio of nine properties in nine properties in Hong Kong, China and Japan.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.