Moody's: Champion REIT's FY2016 results support its Baa1 rating
Hong Kong, March 02, 2017-- Moody's Investors Service says that Champion Real Estate Investment Trust's results for the fiscal year ended 31 December 2016 are in line with Moody's expectations and support the company's Baa1 issuer rating and the stable outlook on the rating. "We expect Champion REIT's overall credit profile to remain stable, driven by moderate rental income growth and a stable debt position over the next 12-18 months," says Stephanie Lau, a Moody's Assistant Vice...Champion Real Estate Investment Trust and its subsidiaries are engaged in owning and investing in income-producing commercial properties in Hong Kong with the objective of producing stable and sustainable distributions to unitholders and to achieve long term growth in the net asset value per unit.
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