|
|
 |
|
Viewing report
|
|
|
|
Industry Report Card: Asia-Pacific REITs Return To Debt Capital Markets As Confidence In The Sector Builds May 11
Standard & Poors, May 2011
Abstract
The credit outlook is certainly looking up for Asia-Pacific's real estate investment trusts and real estate operating companies (collectively, REITs). After going on a drastic debt diet, undertaking sizable equity raisings, and reverting to 'back to basics' strategies over the past few years, most of the region's REITs rated by Standard & Poor's Ratings Services emerged from the global financial and economic crises with stronger balance sheets and improved risk profiles. Now, with industry conditions and credit quality stabilizing, many REITs are actively tapping debt capital markets again. It's another sign that creditors' confidence in the sector is turning and that REITs are positioning themselves for acquisition or development opportunities in their areas of focus. Although real estate fundamentals are...
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
|
|
|
|
