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

Moody's Investors Service has affirmed CapitaLand Ascendas REIT's (CLAR) A3 issuer and senior unsecured ratings.

The firm has also affirmed the provisional (P)A3 senior unsecured ratings on the REIT’s SGD5 billion multicurrency medium-term note (MTN) program and SGD7 billion euro MTN program, and the Baa2 rating on its subordinated perpetual securities.

At the same time, Moody's has maintained its stable outlook for the REIT.

CapitaLand Ascendas REIT is a Singapore-heavy REIT that owns a portfolio of mostly high-tech industrial assets.

The REIT also owns data centres and offices.

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By Shariffa Al-Habshee

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