S&P: Frasers view to positive

Standard & Poor's said it revised the outlook on Frasers Commercial Trust to positive from stable.

The agency also said it affirmed its BB long-term corporate credit rating.

The positive outlook reflects a view that the company's financial risk profile could improve in the next 12 to 18 months, S&P said.

The agency said it expects the trust to use the proceeds from a proposed asset sale to repay its debt.

The ratings reflect the trust's small asset base of eight buildings, S&P said, along with the satisfactory credit profile of its sponsor, Frasers Centrepoint Ltd.

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