S&P gives Yuexiu notes BBB

Standard & Poor's said it assigned its BBB issue rating to a proposed issue of dollar-denominated senior unsecured notes by Yuexiu REIT MTN Co. Ltd., a subsidiary of Yuexiu Real Estate Investment Trust.

The agency also assigned its cnA Greater China regional scale rating to the proposed notes.

S&P said the rating on Yuexiu REIT reflects the trust's increasing recurring cash flow and its good-quality assets in prime locations.

The rating also factors in the satisfactory operating stability at five of Yuexiu REIT's six properties and a good level of parental support for the trust's operations and financial management, S&P added.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.