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S&P rates Starhill BBB
Standard & Poor's said it assigned a BBB corporate credit rating to Starhill Global Real Estate Investment Trust.
The outlook is stable.
"The rating reflects SG REIT ownership of good-quality and strategically located assets that attract healthy shopper traffic," S&P analyst Weekhim Loy said in a statement.
The rating is constrained by the REIT's small asset base and limited geographic diversity, the agency said, as well as by imminent refinancing risk.
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