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- Release Date: 19/05/14 17:55
- Summary: CREDIT: GMT: Standard & Poor's Credit Rating Reaffirmed
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GMT
19/05/2014 15:55
CREDIT
REL: 1555 HRS Goodman Property Trust
CREDIT: GMT: Standard & Poor's Credit Rating Reaffirmed
Goodman (NZ) Limited, the Manager of GMT is pleased to advise that the
Trust's credit rating of BBB has been reaffirmed by Standard & Poor's.
The Trust's $295 million bond programme and $600 million senior secured bank
debt are rated one notch higher at BBB+.
Andy Eakin, Chief Financial Officer of Goodman (NZ) Limited, said, "Standard
& Poor's have updated their ratings following the introduction of their new
corporate credit criteria. The quality of the business and its strong
balance sheet position are reflected in the investment grade credit ratings
assigned to the Trust and its debt."
For further information please contact:
Andy Eakin
Chief Financial Officer
Goodman (NZ) Limited
(09) 375 6077
(021) 305 316
John Dakin
Chief Executive Officer
Goodman (NZ) Limited
(09) 375 6063
(021) 321 541
End CA:00250627 For:GMT Type:CREDIT Time:2014-05-19 15:55:16
