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AmanahRaya Outlook Revised To Negative; 'BBB-' Rating Affirmed; ASEAN Scale Rating Lowered To 'axBBB+' May 11 Product Image

AmanahRaya Outlook Revised To Negative; 'BBB-' Rating Affirmed; ASEAN Scale Rating Lowered To 'axBBB+' May 11

  • ID: 1802114
  • May 2011
  • Region: ASEAN
  • Standard & Poors

Abstract
State-owned pension fund Kumpulan Wang Bersama may reduce its stake in Malaysia-based real estate investment trust AmanahRaya Real Estate Investment Trust (AR-REIT). We are revising our rating outlook to negative from stable and affirming our 'BBB-' rating on AR-REIT. At the same time, Standard & Poor's has lowered its ASEAN scale rating on AR-REIT to 'axBBB+' from 'axA-'. The negative outlook reflects the potential change in AmanahRaya's ownership within the next year. SINGAPORE (Standard & Poor's) May 23, 2011--Standard & Poor's Ratings Services today revised its rating outlook on AmanahRaya Real Estate Investment Trust (AR-REIT) to negative from stable and affirmed its 'BBB-' long-term corporate credit rating. At the same time, Standard & Poor's has lowered its ASEAN scale rating...

Companies mentioned in this report are: AmanahRaya Real Estate Investment Trust
Action: Affirmed
Action: Downgraded
Action: Outlook: Negative

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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

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AmanahRaya Real Estate Investment Trust

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