Ascendas REIT's property at 9 Changi South Street 3, Singapore. (Photo: REITsWeek)

Ascendas REIT’s proposed SGD100 million notes issue has received an upper tier risk rating, given its portfolio of high-quality assets and prudent financial policies.

The risk rating received for the notes is similar to the one issued on Ascendas REIT’s SGD7 billion euro medium term securities programme.

Related: Ascendas REIT’s impending securities program receives ‘low risk’ rating

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By Shariffa Al-Habshee

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