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Bulletin: The Link Real Estate Investment Trust Rating Unaffected By Asset Acquisition Jun 11
Standard & Poors, June 2011
Abstract
HONG KONG (Standard & Poor's) June 10, 2011--Standard & Poor's Ratings Services said today that the rating and outlook on The Link Real Estate Investment Trust (The Link; A/Stable/--; cnAA+) are not affected by the company's acquisition of a commercial portion of Nan Fung Plaza in Hong Kong for Hong Kong dollars (HK$) 1.17 billion. We believe The Link's capital structure has sufficient room to absorb additional borrowings for this acquisition at the current rating level. In our view, this acquisition is consistent with The Link's focus on retail properties and the Hong Kong market in the next two to three years. We expect The Link to pursue asset acquisitions in a disciplined and consistent manner. We anticipate The Link's...
Companies mentioned in this report are: Link Real Estate Investment Trust (The)
Action: Bulletin
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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