S&P affirms Link REIT

S&P said it affirmed its A long-term corporate credit rating on Link Real Estate Investment Trust. The outlook is stable.

S&P also affirmed its A long-term issue rating on the REIT's guaranteed senior unsecured notes. At the same time, the agency affirmed its cnAA+ long-term Greater China regional scale rating on the Hong Kong-based property investor and on the notes.

“We affirmed the rating based on Link REIT's strong market position in the mass local retail segment, strengthened asset quality, and improving geographic diversification and operating margins. These strengths are supported by the REIT's high-quality asset acquisitions, asset enhancement, and divestment of noncore assets. The trust benefits from moderate growth in its stable recurring rental income portfolio,” S&P said in a news release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.