Fitch affirms Cathay No. 2 REIT

Fitch Ratings said it affirmed Cathay No.2 Real Estate Investment Trust Fund's national long-term rating at A(twn) and national short-term rating at F1(twn).

The outlook remains stable.

The ratings primarily reflect the robustness of the company's cash flow generating capabilities, Fitch said.

Although the REIT's weighted occupancy rate decreased to 91.1% (as of September 2007) from 98.2% (as of December 2006), the weighted occupancy rate is expected to gradually increase in 2008 due to its lease negotiations with several current and potential tenants, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.