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S&P Global Ratings Affirms 'A' Long-term Issuer Credit Rating on LINK REIT w/ Outlook Stable
Recommend 14 Positive 17 Negative 9 |
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Rating agency S&P Global Ratings believed that LINK REIT (00823.HK)'s strong market position, non-discretionary retail assets, growing overseas assets and lowered gearing should help it maintain a sufficient rating buffer to bear a downturn in the Hong Kong retail market over the next 1-2 years. Therefore, S&P Global Ratings affirmed its 'A' ratings for LINK REIT, with a stable outlook. S&P Global Ratings expected negative rental reversions in LINK REIT's Hong Kong shopping malls in the coming months, with expiring leases falling by approx. 5% over the next 12-24 months. Occupancy will stay resilient at 96-97%. AAStocks Financial News |
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