Development Bank of the Philippines 'BB+/B' And 'axBBB+/axA-2' Ratings Affirmed; Outlook Stable Nov 12
- Language: English
- Published: November 2012
- Region: Philippines
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: Outlook: Negative
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AmanahRaya Real Estate Investment Trust