Fitch Assigns First-Time ‘BBB’ IDR to Starhill Global REIT
March 11, 2020 — Fitch Ratings has assigned a Long-term Issuer Default Rating of ‘BBB’ to Starhill Global Real Estate Investment Trust (SGREIT), with a Stable Outlook.
The agency has also assigned a ‘BBB’ long-term rating to the SGD2 billion multi-currency medium-term notes programme and the SGD295 million outstanding notes issued off the programme to date, issued by SGREIT’s wholly owned subsidiary Starhill Global REIT MTN Pte. Ltd. Fitch has also assigned a ‘BBB’ long-term rating to SGREIT’s SGD2 billion multi-currency debt issuance programme.
Fitch emphasises that the ratings assigned to the debt programmes are for the programmes in general, and there is no assurance that any subsequent issues under the programmes will be assigned a rating or that the rating assigned to a specific issue will be the same as the rating assigned to the programme.
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