HKD-denominated notes issued by a subsidiary of CapitaLand Integrated Commercial Trust (CICT) have received an A3 rating with a negative outlook, given expectations that the REIT’s credit ratings will weaken.
CICT was formed several months ago from the merger of retail REIT CapitaLand Mall Trust (CMT), and office REIT CapitaLand Commercial Trust (CCT).
Related: Unitholders approve formation of CapitaLand Integrated Commercial Trust
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