The rates ART well alongside peers such as CDL Hospitality Trusts (CDLHT, BBB-/Stable) and Mapletree Industrial Trust (MIT, BBB+/Stable).
SINGAPORE (Oct 2): OCBC Investment Research is keeping Ascott Residence Trust on “hold” with an unchanged fair value estimate of $1.10.
In its initial coverage, Fitch Ratings last week assigned ART a long-term issuer default rating (IDR) of ‘BBB’ with a stable outlook.
