ESR-REIT's 70 Seletar Aerospace View (Photo: REITsWeek)ESR-REIT's 70 Seletar Aerospace View (Photo: REITsWeek)

Moody’s Investor Services has withdrawn the Baa3 issuer rating on ESR-REIT.

The agency has also withdrawn the (P)Baa3 senior unsecured rating on the REIT’s SGD750 million multicurrency debt issuance programme, and Baa3 ratings on senior unsecured notes drawn down from the programme.

The ratings were withdrawn for business reasons, said Moody’s on 17 June.

ESR-REIT is a Singapore-listed industrial REIT with a mix of 57 warehouses, factories, and business park properties across Singapore.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.