Moody's changes Frasers outlook to positive

Moody's Investors Service said it changed the outlook on Frasers Centrepoint Trust's Baa1 issuer rating to positive from stable. The rating was affirmed.

The rating action reflects Frasers’ enlarged asset portfolio, which remains focused on the resilient suburban retail sector, as well as its strong financial profile that is supported by a long track record of prudent financial management, the agency said.

The positive outlook reflects Moody's expectation that Frasers will continue to demonstrate its ability to deliver strong operating results and grow its portfolio whilst maintaining a strong financial profile.

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