S&P rates AIMS AMP

Standard & Poor's said it assigned its BBB- long-term corporate credit rating to AIMS AMP Capital Industrial REIT. The outlook is stable.

At the same time, the agency said it assigned its axA- ASEAN regional scale rating to the REIT.

"The rating on AIMSAMPIREIT reflects the trust's portfolio of good-quality and well-located industrial property assets," said S&P credit analyst Kah Ling Chan in a news release.

"The rating also reflects AIMSAMPIREIT's operating strategy, which benefits from an association with the REIT's sponsors AMP Capital Group and AIMS Financial Group, and the trust's moderate financial policy. AIMSAMPIREIT's concentrated asset base, declining master lease exposure, limited geographic diversity and a volatile lease expiry profile temper the above strengths," the agency said

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