Ratings On Japan's Frontier Real Estate Investment Corp. Affirmed At 'A+/A-1' Feb 12
- ID: 2054204
- February 2012
- Region: Japan
- Standard & Poors
OVERVIEW Frontier Real Estate Investment Corp. is a Japanese REIT that specializes in retail properties. Despite a moderate increase in debt ratios, cash flow from its property portfolio remains stable, thanks to long-term lease contracts. We expect FRI to generate mostly stable income and maintain the high quality of its property portfolio. We have affirmed our long- and short-term ratings at 'A+/A-1'. The outlook on the long-term rating remains stable. TOKYO (Standard & Poor's) Feb. 9, 2012--Standard & Poor's Ratings Services today said that it has affirmed its 'A+' long-term corporate credit and senior unsecured debt ratings and 'A-1' short-term rating on Frontier Real Estate Investment Corp. (FRI). The outlook on the long-term corporate credit rating remains stable. The affirmation...
Companies mentioned in this report are: Frontier Real Estate Investment Corp.
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