S&P Global Ratings has raised its rating to stable from negative on GPT Wholesale Shopping Centre Fund, QIC Shopping Centre Fund and ASX-listed Scentre Group, saying a prudent response by Australian retail REITs to COVID-19 would give a buffer to weather further disruptions.
The Australian Financial Review incorrectly reported in Friday’s newspaper, July 9, that the agency had cut its ratings on the REITs.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
