S&P rates Starhill REIT notes BBB-

Standard & Poor's said it assigned a BBB- rating to the S$124 million 3.405% series 001 notes due 2015, issued by Starhill REIT MTN Pte Ltd., a wholly owned subsidiary of HSBC Institutional Trust Services (Singapore) Ltd.

HSBC Institutional in its capacity as trustee of Starhill Global Real Estate Investment Trust unconditionally and irrevocably guarantees the notes, S&P said.

The series 001 notes, which are unsecured, are issued under the S$2 billion multi-currency medium-term notes program of Starhill REIT MTN Pte Ltd., the agency said.

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