Standard & Poor’s reaffirms BBB- investment grade rating for AIMS AMP Capital Industrial REIT
05.14.2013
Singapore, 14 May 2013 – AIMS AMP Capital Industrial REIT Management Limited (the Manager) as Manager of AIMS AMP Capital Industrial REIT (the Trust) today announced Standard & Poor’s had reaffirmed the Trust’s investment grade credit rating of BBB-.AIMS AMP Capital Industrial REIT Chief Executive Officer Nick McGrath said: “Standard and Poor’s recognised the Trust’s stable outlook, which is largely attributed to the Trust’s quality industrial assets generating steady and solid cashflows. Standard and Poor’s also recognised the portfolio’s improved lease expiry profile and extended debt maturity.”“The Trust is well positioned for the next phase of growth. Since raising $110 million by way of private placement in April this year, gearing has fallen to 23.9 percent,which is well below our target range of between 30 to 40 percent. “We remain focused on actively managing the Trust’s capital position to create long term value for unitholders,” Mr McGrath said.As at 31 March 2013, the Manager maintained an average of 31 percent gearing for 14 consecutive quarters, demonstrating a consistent approach to capital management.
Standard & Poor’s reaffirms BBB- investment grade rating for AIMS AMP Capital Industrial REIT.pdf
AIMS AMP Capital Industrial REIT.pdf
