fiig rates mxupa as exceptional value, page-19

ricee007 - good points

I am also invested in SKI which is rated A- (at asset level). They refiananced 600M at a margin of 275 2months ago.

Brookfield is also rated A-/stable

Sure A-grade office isnt quite the same as eletricity distribution assets in metro Melbourne and metro Adelaide but given the quality of tenants and long leases (WALE 9yrs) I strongly think multiplex can refi much lower than 390 margin.