KUALA LUMPUR: Moody's Investors Service has withdrawn its Baa2 Corporate Family Rating for Starhill Global REIT and the (P)Baa3 senior unsecured rating for the MTN Programme issued under MMP MTN Pte and guaranteed by Starhill.
Moody's Investors Service said on Wednesday, Oct 13 it had withdrawn the credit rating for its own business reasons.
Moody's last rating action on Starhill was taken on Nov 19, 2009, when the ratings were affirmed following Starhill's proposed acquisition of three commercial PROPERTIES [] in Australia and Malaysia for S$571 million.
Starhill Global REIT is a Singapore-based real estate investment trustinvesting primarily in real estate used for retail and office purposes, both in Singapore and overseas.
Listed on the Singapore Stock Exchange in 2005, Starhill owns 13 properties in Singapore, Malaysia, Australia, Japan and China, valued at about S$2.6 billion.
Moody's Investors Service said on Wednesday, Oct 13 it had withdrawn the credit rating for its own business reasons.
Moody's last rating action on Starhill was taken on Nov 19, 2009, when the ratings were affirmed following Starhill's proposed acquisition of three commercial PROPERTIES [] in Australia and Malaysia for S$571 million.
Starhill Global REIT is a Singapore-based real estate investment trustinvesting primarily in real estate used for retail and office purposes, both in Singapore and overseas.
Listed on the Singapore Stock Exchange in 2005, Starhill owns 13 properties in Singapore, Malaysia, Australia, Japan and China, valued at about S$2.6 billion.
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