FLCT debt management, expansion to stay prudent in next 2 years: S&PS&P Global Ratings expects Singapore-listed Frasers Logistics & Commercial Trust to remain prudent in managing its financial leverage and limit its debt-funded acquisitions in the next one to two years.
“We expect FLCT to maintain a prudent approach to expansion, such that its FFO-to-debt ratio remains sustainably above 9% and EBITDA-to-interest ratio stays above 4x,” the credit rater said. Aggressive debt-funded growth and any deterioration in the portfolio also poses a risk to the REIT’s credit rating, it said.
Wiseasy's WiseQ Mobile Payment Solution is shaping the future of the QR payments landscape for businesses, designed to prevent fraud and inefficiency, and ultimately, to serve an even bigger purpose.Wiseasy Technology earns a win in the Payments category at the SBR National Business Awards 2024
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