Moody's rates Cache Baa3

Moody's Investors Service said it assigned a first-time corporate family rating of Baa3 to Cache Logistics Trust.

The outlook is stable.

"Cache's corporate family rating of Baa3 is underpinned by the trust's good-quality and well-located properties that are mostly under long-term master leases, resulting in high occupancies as well as stable rentals and cash flows," Jacintha Poh, a Moody's analyst, said in a statement.

"The rating also reflects the trust's small size by assets and revenues, and its high exposure to its sponsor, CWT Ltd., which is one of the leading logistics companies in Southeast Asia," Poh 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.