Moody's Investors Service has assigned a Baa1 rating to the proposed USD senior unsecured notes due 2030 that will be issued by an affiliated entity of Champion REIT.
This places the notes in the moderate credit risk band.
The notes will be issued by Champion MTN Limited under its USD2 billion medium-term note (MTN) program, which has also been rated (P)Baa1 by Moody’s.
The proposed notes will be unconditionally and irrevocably guaranteed by HSBC Institutional Trust Services (Asia) Limited as the trustee of Champion REIT.
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