Fitch assigns BBB+ to Mapletree notes

Fitch Ratings said it assigned Mapletree Industrial Trust's S$50 million of senior unsecured medium-term notes due 2027 a BBB+ long-term rating. The notes will be issued by MIT's wholly owned subsidiary, Mapletree Industrial Trust Treasury Co. Pte. Ltd., and will be guaranteed by DBS Trustee Ltd. in its capacity as MIT's trustee.

The rating is in line with the trust’s outstanding senior unsecured notes.

Mapletree will use the proceeds to repay debt.

The outlook is stable.

© 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.