News: Global Logistic Properties Ltd (GLPL.SI)
17 Mar 2014
Tue, Mar 11 2014
Update-Moody's:GLP's Brazil acquisition increases emerging market risk exposure; Baa2 rating unaffected
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SINGAPORE, Feb 18 - Global Logistic Properties Ltd said on Tuesday it expects a group of Chinese state-owned enterprises and financial institutions to invest up to $2.5 billion in the company.
SINGAPORE, Feb 18 - Global Logistic Properties Ltd (GLP) outperformed a flat Singapore market on Tuesday, while Asian markets slipped after China drained funds for the first time in eight months.
(The following statement was released by the rating agency) HONG KONG, January 07 (Fitch) Fitch Ratings has affirmed Singapore-listed Global Logistic Properties Limited's (GLP) Long-Term Issuer Default Rating (IDR) at 'BBB+'. The Outlook is Stable. The agency has also affirmed GLP's senior unsecured rating at 'BBB+' and its Singapore dollar-denominated perpetual capital securities issued in December 2011 and January 2012 at 'BBB-'. KEY RATING DRIVERS Robust Operating Performance: The company
* Says signs pre-lease agreement with Qingdao Haier Logistics Co Ltd for Haier to set up regional distribution centre in Shanghai Further company coverage: (Reporting by Hong Kong and Singapore newsrooms)