24.09.2014 11:37:00
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Far East Hospitality Trust -- Moody's: Far East Hospitality Trust will benefit from its hotel development joint venture
Singapore, September 24, 2014 -- Moody's Investors Service says that Far East Hospitality Trust's (FEHT, Baa2 stable) hotel development joint venture with Far East Organization Centre Pte Ltd (FEOC, unrated) will improve FEHT's operational profile in the long term, while the increase in leverage can be accommodated in its current Baa2 issuer rating.