09.03.2016 09:04:00

OUE Hospitality Real Estate Investment Trust -- Moody's: OUE Hospitality REIT's rights issuance to fund acquisition is credit positive

Singapore, March 09, 2016 -- Moody's Investors Service says that the funding of OUE Hospitality Real Estate Investment Trust's (OUE H-REIT, Ba1 stable) acquisition of Crowne Plaza Changi Airport Extension (CPEX) with proceeds from OUE Hospitality Trust's (unrated) rights issue of its stapled securities, will improve OUE H-REIT's financial metrics, a credit positive.

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