Topic of Interest: #Moodys (23 Articles Found)

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Revenue of Ascott and Frasers REITs to remain weak until 2023

Ascott Residence Trust and Frasers Hospitality Trust (FHT) will continue to suffer weak revenues until 2023, according to Moody’s latest research. Moody’s said the slow resumption of travel will keep credit metrics weak for the two rated REITs.…

Hospitality S-Reits, integrated resorts most exposed to fallout from outbreak: Moody’s

The revenue-generating capacities of Singapore’s gaming sector and hospitality Reits will be the hardest hit by the novel coronavirus outbreak, according to Moody’s Investors Service. This is because the two industries generate the majority of their revenue from…

Singapore retail Reits: New supply of space poses larger threat than online shopping, says Moody’s

A heightened supply of retail space will pose a bigger threat to Singapore’s retail Reits than online shopping over the next 12 to 18 months, according to a sector report released by Moody’s Investors Service on Tues. Nonetheless,…

Singapore banks to gain from property cooling measures: Moody’s

The property cooling measures by the government could buoy banks through toning down property price bubble and reducing future price shocks and mortgage loan losses, Moody’s Investors Service said. “We also expect the measures will improve banks’ newly…

S-REITs fatten portfolios with debt-funded acquisitions: Moody’s

Singapore REITs’ (S-REITs) financial profiles are expected to weaken over the next 12-18 months, as the trusts carry out debt-funded acquisitions and revamp their asset portfolios through redevelopments in search of higher yields, Moody’s Investors Service said. According…

Grade A office rents poised to slump as supply surges

A glut of office space in the Singapore CBD in 2017, coupled with tepid leasing demand, will continue to pressure rental rates, a report by Moody’s Investors Service revealed. Based on the graph, Grade A office rents has…

Check out where upcoming retail spaces will be located

The retail space market is set to see around 1.8m sqft of space to be completed by the end of 2017, Moodys investors service said in its latest report. By the said time, around 50% will be put…

Singapore reits to face headwinds over next 18 months: Moody’s

Credit quality of Singapore Reits will come under pressure over the next 12 to 18 months as their leverage weakens on the back of debt-funded investments, Moody’s said on Thurs. Tough operating environment through 2017 will mean the…

Outlook for Singapore’s residential mortgage collateral bullish: Moody’s

The credit quality of the residential mortgage collateral in Singaporean cover pools will be good in 2017, said Moody’s. According to the rating agency, mortgages in Singapore cover pools have low average LTVs of 50%-60%, which provides a…

Check out the sorry state of Singapore’s bad housing loans

A large chunk of the city-state’s household debt consists of household loans, and while the number has been relatively stable, the slower growth in Singapore’s economy poses a significant threat. According to a report by Moody’s, Singapore’s resident…

Industrial S-Reits to be acquisitive in 2016: Moody’s

Moody’s Investors Service expects Singapore reits (S-Reits) in the industrial space to maintain their appetite for overseas acquisitions this year as they pursue asset growth, yield accretion and portfolio diversification amid challenging business conditions. While industrial occupancy and…

Moody’s gives HDB top Aaa credit rating

Credit rating agency Moody’s assigned its strongest rating to HDB, citing its close integration with national policies, as well as the strong fiscal oversight and financial support offered to the housing agency by the Singapore Government. Apart from…

Outlook for S-Reits still positive: Moody’s

The outlook for S-Reits remains positive despite the softer market demand and increasing supply, ratings agency Moody’s said. Reits will also be able to manage their refinancing risks amid the rising interest rate environment, given that most debt…

These three REITs will be most vulnerable as office rents dip

Gone are the days when office landlords had the upper hand when it comes to negotiating rents. Singapore’s CBD will welcome a slew of new office completions in coming quarters, and rents are expected to fall as this…

Moody’s: OUE C-Reit’s acquisition of One Raffles Place will add diversification

Moody’s Investors Service says that OUE Commercial REIT’s proposed acquisition of an effective interest in One Raffles Place will increase its asset base significantly and add diversification to its portfolio. However, the trust will need to fund the…

Smaller REITs hardest hit by stamp duty concession expiry

The end of stamp duty concession for local property acquisitions will push smaller REITs to explore buying properties abroad, Moody’s said in a report today. The report stated that stamp duty is negative for S-REITs with a mandate…

Far East Hospitality Trust, OUE H-REIT most vulnerable to lower visitor arrivals, says Moody’s

Far East Hospitality Trust and OUE Hospitality REIT are the most adversely affected by the lower visitor numbers in Singapore, a report by Moody’s Investors Service stated today. Moody’s conclusions were released after the Singapore Tourism Board announced…

Bigger share of new home loans now less risky

Levels of mortgage debt held by Singapore households are easing further, thanks to government property cooling measures, a new report has concluded. Ratings agency Moody’s also said in its report that the incidence of bad loans for high-end…

Moody’s: Regulatory proposals to tighten S-REITs are ‘credit positive’

Ratings agency Moody’s Investors Service on Mon said regulatory proposals to tighten S-REITs are “credit positive”. The US-based firm added that the regulatory proposals by MAS would foster financial discipline, enhance corporate governance and strengthen investor confidence. Moody’s…

SREITs struggle amid weak sales and declining tourist arrivals in 2H14

The future remains challenging for domestic retail and hospitality REITs, a report by Moody’s Investors Service revealed today. Moody’s revealed that while a healthy operating environment and manageable refinancing risk continue to support the stable outlook for S-Reit…

Moody’s assigns definite Ba1 rating to OUE Commercial REIT

Moody’s Investors Service has assigned a definitive corporate family rating of Ba1 to OUE Commercial REIT (OUE C-REIT) following the trust’s successful listing on SGX. This removes the provisional status assigned on 10 Jan 2014. The rating outlook…

According to Moody’s, rising interest rate environment will lead to higher funding costs, but the 13 rated S-REITs are insulated due to their high proportion of fixed-rate debt and low refinancing obligations. Healthy debt maturities and improvement in…

Home prices, housing affordability within reason

Not only are home prices within reason, housing affordability – measured by MDSR – is well within its historical norm. This would mean that Moody’s assertion that rapid loan growth and rising real estate prices have endangered the…

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