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CapitaLand India Trust (CLINT) has been assigned their first ‘BBB-’ rating with stable outlook by @Fitch Ratings.   The rating is underpinned by CLINT’s high-quality portfolio of business parks with Grade A offices in India, which is expected to sustain high occupancy rates and positive rental reversions amid strong demand for IT outsourcing services. Key rating drivers include an established record of prudently managing development risks, maintaining a healthy capital structure with gearing of below 40% and an experienced asset-management team backed by its sponsor CapitaLand Investment to manage execution risk.   Read more: https://bit.ly/CLINTBBB   #CLINT #India #businessparks

Mahesh MV

Investment Banking (M&A, PE, Project Advisory and Structured Finance)

3mo

Congratulations and kudos to the team

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