Fitch: Ticon Freehold outlook to negative

Fitch Ratings (Thailand) said it revised the outlook on Ticon Freehold and Leasehold Real Estate Investment Trust's (Treit) national long-term rating to negative from stable and has affirmed the rating at A-(tha).

Simultaneously, the agency assigned the national senior unsecured rating at A-(tha).

Fitch said the outlook revision reflects Ticon’s weakening occupancy rate and delays in its expanding its portfolio to lower tenant concentration.

© 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.