CapitaLand Mall Trust property, Bugis+. (Photo: REITsWeek)

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

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 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.