Friday, September 11, 2015

Keppel REIT requests withdrawal of S&P’s corporate credit rating

Keppel REIT Management, as manager of Keppel REIT, has requested Standard & Poor’s Ratings Services to withdraw its corporate credit rating on Keppel REIT.

S&P had reaffirmed the final “BBB” long-term corporate credit rating and “axA” long-term ASEAN regional scale ratings on Keppel REIT, with a stable outlook.

Following this withdrawal, Keppel REIT continues to be rated by Moody’s Investors Service, and is rated “Baa2” with a stable outlook.

Units in Keppel REIT closed 1.55% lower at 95 cents.

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