1 Buroh Lane. (Ascendas REIT)1 Buroh Lane. (Ascendas REIT)

Moody’s has assigned an A3 foreign currency issue rating to CapitaLand Ascendas REIT.

A3 is the lowest within Moody’s prime band of ‘A’ ratings.

According to Moody’s, the A3 issuer rating reflects the REIT’s stable operating track record and income generation, diversified portfolio of good-quality industrial assets, established market position, and disciplined financial policies.

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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.