It adds that MPACT's credit quality is supported by its financially strong sponsor, Mapletree Investments. The trust can leverage its sponsor's operational track record, expertise and strong network of relationship banks.
Moody's Investors Service has assigned a Baa1 foreign currency issuer rating to Mapletree Pan Asia Commercial Trust (MPACT) (SGX:N2IU
) .
This reflects the trust’s strong operating performance through the years from a portfolio of good-quality assets in Singapore and North Asia, as well as a track record of prudent financial management as demonstrated by its funding of acquisitions with a balanced mix of debt and equity, Moody’s says in a statement.
