Fitch affirms Mapletree Industrial

Fitch Ratings said it affirmed Mapletree Industrial Trust's issuer default rating at BBB+ with a stable outlook.

The affirmation reflects Mapletree's granular portfolio with stable operating performance and adequate debt service coverage levels, according to the agency.

Favorable economic conditions and positive rental reversion in the Singaporean industrial property sector further support the stable outlook, the agency said.

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