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Research Update: Frasers Commercial Trust Outlook Revised To Positive On Possible Lower Leverage; 'BB' Rating Affirmed May 12 Product Image

Research Update: Frasers Commercial Trust Outlook Revised To Positive On Possible Lower Leverage; 'BB' Rating Affirmed May 12

  • ID: 2127430
  • May 2012
  • Standard & Poors

FEATURED COMPANIES

  • Frasers Commercial Trust
  • MORE

Abstract
Singapore-based FCOT's proposed sale of a commercial property could improve its financial strength if it uses the proceeds to repay its debt. We are revising the outlook on FCOT to positive from stable. At the same time, we are affirming our 'BB' long-term corporate credit rating on the trust. On May 9, 2012, Standard & Poor's Ratings Services revised the outlook on Singapore-based Frasers Commercial Trust (FCOT) to positive from stable. At the same time, we affirmed the 'BB' long-term corporate credit rating on the trust. The positive outlook reflects our view that FCOT's financial risk profile could improve to "intermediate" from the current "significant" in the next 12 to 18 months. We expect the trust to use the proceeds...

Companies mentioned in this report are: Frasers Commercial Trust
Action: Affirmed
Action: Outlook: Positive

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.

Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.

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Frasers Commercial Trust

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