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24.10.2014 05:03:00
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Ascott Residence Trust -- Moody's: Ascott REIT's rating unaffected by issuance of perpetual securities to fund acquisitions
Singapore, October 24, 2014 -- Moody's Investors Service says that Ascott Residence Trust's (Ascott REIT) Baa3 corporate family rating is unaffected by the trust's issuance of SGD150 million in perpetual securities with a fixed coupon rate of 5% to fund its acquisition of a hotel in Tokyo and three serviced residences in Greater Sydney.
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