Moody’s affirms Parkway Life

Moody's Investors Service said it affirmed Parkway Life REIT's Baa2 issuer rating.

At the same time, the agency affirmed the provisional Baa2 senior unsecured rating on the S$500 million multi-currency debt issuance program of Parkway Life MTN Pte. Ltd.

The outlook is stable.

"PLife REIT's Baa2 rating reflects its stable operating profile, supported by its diversified portfolio of healthcare properties that enjoy high rental visibility," Saranga Ranasinghe, Moody's assistant vice president and analyst, said in a news release.

"The ratings also take into account PLife REIT's moderate financial profile providing some headroom for growth, healthy access to capital and proactive capital management."

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