Moody's affirms Mapletree Logistics Trust's Baa2 ratings on acquisition of properties in China, Vietnam and Japan; outlook stable - Moody's Global Credit Research

Moody's affirms Mapletree Logistics Trust's Baa2 ratings on acquisition of properties in China, Vietnam and Japan; outlook stable

Moody's affirms Mapletree Logistics Trust's Baa2 ratings on acquisition of properties in China, Vietnam and Japan; outlook stable - Moody's Global Credit Research
Moody's affirms Mapletree Logistics Trust's Baa2 ratings on acquisition of properties in China, Vietnam and Japan; outlook stable
Published Nov 25, 2021
6 pages (3129 words) — Published Nov 25, 2021
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Mapletree Logistics Trust; MapletreeLog Treasury Company (HKSAR) Ltd.; MapletreeLog Treasury Company Pte. Ltd.
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Moody's withdraws Mapletree Logistics Trust's ratings - Rating Action – 2022/03/01 – US$ 180.00 – ...MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...

Mapletree Logistics Trust: Update to credit analysis - Credit Opinion – 2021/12/01 – US$ 250.00 – ...Mapletree Logistics Trust's (MLT) Baa2 rating reflects its diversified portfolio of logistics assets across nine markets within Asia-Pacific; stable and recurring rental income from its properties, which will support healthy credit metrics over the next 12-18 months; excellent liquidity over the next 12-18 months; and its ownership by a financially strong sponsor, Mapletree Investments Pte Ltd (Mapletree Investments), because the trust can leverage its sponsor's expertise, track record and strong network of relationship banks. MLT's credit profile will remain resilient, as the increased demand for logistics and warehouse spaces driven by third-party logistics, e-commerce and pharmaceutical companies will support MLT's properties occupancy rates and rental income. The rating is constrained by MLT's continued appetite for portfolio growth through acquisitions, and exposure to high tenant concentration....

Mapletree Logistics Trust: Update to credit analysis - Credit Opinion – 2021/10/20 – US$ 250.00 – ...Mapletree Logistics Trust's (MLT) Baa2 rating reflects its diversified portfolio of logistics assets across nine markets within Asia-Pacific; stable and recurring rental income from its properties, which will support healthy credit metrics over the next 12-18 months; excellent liquidity over the next 12 months; and its ownership by a financially strong sponsor, Mapletree Investments Pte Ltd (Mapletree Investments), because the trust can leverage its sponsor's expertise, track record and strong network of relationship banks. MLT's credit profile will remain resilient, as the increased demand for logistics and warehouse spaces driven by third-party logistics, e-commerce and pharmaceutical companies will support MLT's properties occupancy rates and rental income. The rating is constrained by MLT's continued appetite for portfolio growth through acquisitions, and exposure to high tenant concentration....

Mapletree Logistics Trust: Acquisition of two logistics properties in India is credit negative - Issuer Comment – 2021/03/18 – US$ 200.00 – ...Ratios are calculated using Moody's estimates and standard adjustments. Debt calculation incorporates the 50% equity treatment assigned to the trust's SGD430 million perpetual securities. FYE = Fiscal year-end. LTM = Last 12 months. Sources: Moody's Financial MetricsTM and Moody's Investors Service estimates...

Mapletree Logistics Trust: Proposed debt-funded acquisition is credit negative but leverage will stay within rating levels - Issuer Comment – 2021/02/17 – US$ 200.00 – ...Ratios are calculated using Moody's estimates and standard adjustments. Debt calculation incorporates the 50% equity treatment assigned to the trust's SGD430 million perpetual securities. FYE = Fiscal year-end. LTM = Last 12 months. Sources: Moody's Financial MetricsTM and Moody's Investors Service estimates...

Mapletree Logistics Trust: Update to credit analysis - Credit Opinion – 2020/12/09 – US$ 250.00 – ...Mapletree Logistics Trust's (MLT) Baa2 rating reflects its diversified portfolio of logistics assets across eight markets within Asia-Pacific; stable and recurring rental income from its properties, which will support healthy credit metrics over the next 12-18 months; excellent liquidity over the next 12-18 months; and its ownership by a financially strong sponsor, Mapletree Investments Pte Ltd (Mapletree Investments), because the trust can leverage its sponsor's expertise, track record and strong network of relationship banks. MLT's credit profile will remain resilient, as the increased demand for logistics and warehouse spaces driven by third-party logistics, e-commerce and pharmaceutical companies will support MLT's properties occupancy rates and rental income. The rating is constrained by MLT's continued appetite for portfolio growth through acquisitions, and exposure to high tenant concentration....

Mapletree Logistics Trust: Equity to finance most of proposed acquisition is credit positive - Issuer Comment – 2020/10/20 – US$ 200.00 – ...Ratios are calculated using Moody's estimates and standard adjustments. Debt calculation incorporates the 50% equity treatment assigned to the trust's SGD430 million perpetual securities; FYE=Fiscal year end. Sources: Moody's Financial MetricsTM and Moody's Investors Service estimates...

More from Moody's Global Credit Research

Moody's Global Credit Research—Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.

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MLA:
Moody's Global Credit Research. "Moody's affirms Mapletree Logistics Trust's Baa2 ratings on acquisition of properties in China, Vietnam and Japan; outlook stable" Nov 25, 2021. Alacra Store. Aug 16, 2022. <http://www.alacrastore.com/moodys-credit-research/Moody-s-affirms-Mapletree-Logistics-Trust-s-Baa2-ratings-on-acquisition-of-properties-in-China-Vietnam-and-Japan-outlook-stable-PR_458686>
  
APA:
Moody's Global Credit Research. (). Moody's affirms Mapletree Logistics Trust's Baa2 ratings on acquisition of properties in China, Vietnam and Japan; outlook stable Nov 25, 2021. New York, NY: Alacra Store. Retrieved Aug 16, 2022 from <http://www.alacrastore.com/moodys-credit-research/Moody-s-affirms-Mapletree-Logistics-Trust-s-Baa2-ratings-on-acquisition-of-properties-in-China-Vietnam-and-Japan-outlook-stable-PR_458686>
  
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