Moody's Investors Service has confirmed Mapletree Commercial Trust's (MCT) Baa1 issuer rating.
Moody’s has also confirmed the Baa1 ratings on the senior unsecured ratings on the medium term note programmes of MCT and Mapletree Commercial Trust Treasury Company (MCTTC).
MCTTC is a wholly-owned subsidiary of MCT, and its notes and programmes are guaranteed by MCT.
The outlook on all ratings of MCT and MCTTC has been changed to stable from ratings under review.
Moody’s full statement on the matter can be viewed here.
MCT was last done on the Singapore Exchange at SGD1.74, which presently implies a distribution yield of 5.48% according to data on the Singapore REITs table.