| Asia-Pacific real estate investment trusts and real estate operating companies (REITs) have taken convincing steps to face shaky conditions, Standard and Poor's said. The steps included reducing their debt burdens and diversifying their funding sources away from the banking sector, the credit rating agency's analyst Craig Parker said.
Funding costs could become more expensive as seen in the widening of credit default swap spreads, he said, adding stricter bank regulations could affect Asia-Pacific REITs who remain dependent on bank debt for short-to-medium term funding...............................................Full Article: Source
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