OUE Commercial REIT obtained 'BBB-' rating from S&P

We are pleased to share that OUE Commercial REIT has successfully obtained an investment grade credit rating of 'BBB-' with a stable outlook from S&P Global Ratings on 30 October 2023. In addition, S&P has also assigned a 'BBB-' long-term issue rating to the S$150 million 4.20% fixed rate notes (“Notes”) issued by OUE CT Treasury Pte. Ltdin May 2022.

With that, the rate of interest payable to holders of the Notes will be reduced by 25 basis points to 3.95%.

Key takeaways from the S&P report:

[强]OUE Commercial REIT's operating cash flow will continue to improve over the next 18 months, underpinned by tourism recovery and good-quality office assets. Its modest scale and market presence temper the REIT's strengths.

[强] Believes the Singapore-based REIT will manage its debt maturities and financial leverage prudently, like it has in the past.

[强] The stable outlook reflects OUE Commercial REIT's asset class diversification and good-quality portfolio that will benefit from the resilient Singapore market.

[强] Expects the REIT to maintain EBITDA interest coverage of above 2x and Debt-to-EBITDA ratio of below 11x.

Read the full S&P's press release on rating action here: https://bit.ly/3sh6P7C

$华联商业信托(TS0U.SI)$

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Its modest scale and market presence temper the REIT's strengths.</p>\n<p><span class=\"teditor-emoji\">[强]</span> Believes the Singapore-based REIT will manage its debt maturities and financial leverage prudently, like it has in the past.</p>\n<p><span class=\"teditor-emoji\">[强]</span> The stable outlook reflects OUE Commercial REIT's asset class diversification and good-quality portfolio that will benefit from the resilient Singapore market.</p>\n<p><span class=\"teditor-emoji\">[强]</span> Expects the REIT to maintain EBITDA interest coverage of above 2x and Debt-to-EBITDA ratio of below 11x.</p>\n<p>Read the full S&amp;P's press release on rating action here: https://bit.ly/3sh6P7C</p>\n<p> <a href=\"https://laohu8.com/S/TS0U.SI\">$华联商业信托(TS0U.SI)$</a> </p>\n<p></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a84d43ad78788ad724dfb9cf0b25a389\" tg-width=\"560\" tg-height=\"240\"></p>\n<p></p></body></html>","htmlText":"<html><head></head><body><p>We are pleased to share that <strong>OUE Commercial REIT</strong> has successfully obtained an investment grade credit rating of 'BBB-' with a stable outlook from S&amp;P Global Ratings on 30 October 2023. 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Its modest scale and market presence temper the REIT's strengths.</p>\n<p><span class=\"teditor-emoji\">[强]</span> Believes the Singapore-based REIT will manage its debt maturities and financial leverage prudently, like it has in the past.</p>\n<p><span class=\"teditor-emoji\">[强]</span> The stable outlook reflects OUE Commercial REIT's asset class diversification and good-quality portfolio that will benefit from the resilient Singapore market.</p>\n<p><span class=\"teditor-emoji\">[强]</span> Expects the REIT to maintain EBITDA interest coverage of above 2x and Debt-to-EBITDA ratio of below 11x.</p>\n<p>Read the full S&amp;P's press release on rating action here: https://bit.ly/3sh6P7C</p>\n<p> <a href=\"https://laohu8.com/S/TS0U.SI\">$华联商业信托(TS0U.SI)$</a> </p>\n<p></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a84d43ad78788ad724dfb9cf0b25a389\" tg-width=\"560\" tg-height=\"240\"></p>\n<p></p></body></html>","text":"We are pleased to share that OUE Commercial REIT has successfully obtained an investment grade credit rating of 'BBB-' with a stable outlook from S&P Global Ratings on 30 October 2023. 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