Asia-Pacific REITs Build Strong Property Portfolios To Counter Slowing Demand, Says S&P Report Jun 12
- Language: English
- Published: June 2012
Asia-Pacific rated real estate investment trusts and real estate operating companies (collectively 'REITs') have toughened up in the aftermath of the global financial crisis. They have repaired their balance sheets, adopted more conservative financial profiles, and diversified their funding sources. However, contagion from Europe could unleash more anxiety to already jittery credit markets in Asia Pacific. Banks and other lenders in the region are already paying more to insure their debt financing, as seen in the widening real-estate credit default spreads (CDS). Coupled with stricter regulatory requirements, bank loans may come with higher interest rates, and consequently, more expensive financing for REITs, as they rely mainly on bank debt for short-to-medium-term financing. Nevertheless, Standard & Poor's Ratings Services considers that...
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
- Hysan Development Co. Ltd.
- CFS Retail Property Trust Group
- Australian Prime Property Fund Retail
- Hongkong Land Holdings Ltd.
- Japan Real Estate Investment Corp.
- Nippon Building Fund Inc.
- QIC Shopping Centre Fund
- Japan Prime Realty Investment Corp.
- Westfield Corp.
- Nomura Real Estate Office Fund Inc.
- Commonwealth Property Office Fund
- ORIX JREIT Inc.
- Japan Retail Fund Investment Corp.
- DEXUS Property Group
- AMP Capital Wholesale Office Fund
- GPT Group
- Tokyu REIT Inc.
- Fukuoka REIT Corp.
- Cambridge Industrial Trust
- Mirvac Group
- The Link Real Estate Investment Trust
- AmanahRaya Real Estate Investment Trust
- Nippon Accommodations Fund Inc.
- Frontier Real Estate Investment Corp.
- Goodman Group
- Nomura Real Estate Residential Fund Inc.
- AMP Capital Shopping Centre Fund
- Frasers Centrepoint Trust
- Goodman Property Trust
- Starhill Global Real Estate Investment Trust
- DEXUS Wholesale Property Fund
- Goodman Australia Industrial Fund
- CapitaCommercial Trust
- Investa Commercial Property Fund
- Keppel REIT Management Ltd.
- SABANA SHARI'AH COMPLIANT REIT
- Scentre Group
- Frasers Commercial Trust