S&P rates K-REIT Asia BBB

Standard & Poor's said it assigned a BBB long-term corporate credit rating and axA Asean scale rating to K-REIT Asia.

The outlook is stable.

The rating reflects the company's good-quality assets, solid market position in the Singapore commercial space and an intermediate financial risk profile, S&P said.

Its limited geographic diversity and an increased concentration of tenants from financial institutions temper these strengths, the agency said.

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