Frasers Centrepoint Trust property, Causeway Point. (Photo: REITsWeek)

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

Dear subscribers, please login to continue reading this article.

Don’t miss out on information beyond mainstream media reports that may impact your investments.
Login or sign-up for a free 25-day trial here. Why subscribe?

By Shariffa Al-Habshee

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