Fitch affirms Orion Prime

Fitch Ratings said it affirmed the ratings of Orion Prime Ltd.'s €186.2 million senior notes at AAA.

The outlook is stable.

The affirmation is supported by the strong quality of the two underlying Singapore properties, Wisma Atria and Ngee Ann City, which act as security for the notes, their high occupancy levels, strong underlying cash flow and experienced asset management, Fitch said.

The rating addresses the timely payment of interest and ultimate payment of principal by the legal final maturity date of March 2012, the agency said.

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