ESR Group's co-founders and co-CEOs, Stuart Gibson and Jeffrey Shen, called the rating a “big milestone” for the group.
ESR Group, the largest real asset manager in Asia Pacific (APAC) and sponsor to SGX-listed ESR-LOGOS REIT (E-LOG) (SGX:J91U
) , has received an investment grade first-time “AA-“ rating with a stable outlook from the Japan Credit Rating Agency, Ltd (JCR).
In its report, JCR highlighted the “creditworthiness of the group based on the management integration with the subsidiary operating companies” and “the company’s presence in the Asian market, access to influential investors for co-investment and thereby reduced development risk, stable cash flow generation backed by fund management income, and high financial soundness backed by conservative financial discipline”.
