Moody's: AIMS AMP Capital unchanged

Moody's Investors Service said it sees no immediate impact on its Ba2 corporate family rating on AIMS AMP Capital Industrial REIT following news that it offered to acquire an industrial property in Singapore for S$ 161 million.

The outlook remains stable.

The company's accompanying funding plan is supportive of its credit profile given the resulting extension of its maturity profile, Moody's said.

The acquisition, which represents about 25% of the REIT's current properties by value, will be funded by debt and equity, the agency said.

Although the REIT's leverage will weaken to 35% from 28% because of the acquisition, it remains appropriate for its current Ba2 rating, which incorporates some financial flexibility, Moody's said.

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