Fitch rates Mapletree notes BBB+

Fitch Ratings said it rated Mapletree Logistics Trust's planned unsecured Singapore-dollar notes BBB+. The agency also affirmed MLT's long-term issuer default rating at BBB+.

The notes will be issued under MLT's euro medium-term securities program and guaranteed by HSBC Institutional Trust Services (Singapore) Ltd. in its capacity as trustee of MLT.

“The proposed notes are rated in line with MLT's long-term IDR as they constitute the trust's direct unsecured and unsubordinated obligations,” Fitch said in a press release.

The outlook is stable.

© 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.