Moody’s changes Charter Hall view to stable

Moody’s Investors Service said it changed the outlook for Charter Hall Retail REIT to stable from negative.

The stable outlook reflects Moody’s expectation that Charter Hall will continue growing its portfolio of supermarket-anchored shopping centers. “Moody’s expects that the trust will achieve this growth in a prudent manner and operate within its targeted look-through gearing range of 30%-40% through the cycle,” the agency said in a press release.

Moody’s affirmed Charter Hall’s Baa1 issuer rating and Baa1 senior unsecured rating.

© 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.