The credit-related ratings on Frasers Centrepoint Trust (FCT) have been removed from S&P Global’s CreditWatch.
The removal comes just days after Moody’s affirmed the REIT’s Baa2 issuer rating, and changed the outlook on the rating to stable from negative.
These ratings-related actions follow FCT's announcement that it will acquire the balance 63.1% stake in ARF, raise up to SGD1.3 billion (USD0.9 billion) through an equity offering, and divest Bedok Point for SGD108 million.
Related: Frasers Centrepoint Trust acquires remaining stake in AsiaRetail Fund for SGD1 billion
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