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Moody’s changes Suntec REIT view to negative
Moody's Investors Service said it revised the view on Suntec Real Estate Investment Trust to negative from stable.
“The change in outlook reflects Moody's expectation that Suntec's credit metrics will remain under pressure at least over the next 12-18 months, as it continues to fund its assets under development,” said Sweta Patodia, a Moody's analyst, in a news release.
Moody’s affirmed Suntec’s Baa3 ratings.
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