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 bond programme and senior secured debt facilities are rated one notch higher at BBB+.
Andy Eakin, Chief Financial Officer of Goodman (NZ) Limited, said, “Standard & Poor’s has completed its periodic review of GMT and reaffirmed the investment grade credit ratings assigned to the Trust and its debt.”
About Goodman Property Trust:
GMT is an externally managed unit trust, listed on the NZX. It has a market capitalisation of around $1.5 billion, ranking it in the top 15 of all listed investment vehicles. The Manager of the Trust is a subsidiary of the ASX listed Goodman Group, Goodman Group are also the Trust’s largest investor with a cornerstone unitholding of 17.8%.
GMT is New Zealand’s leading industrial and business space provider. It has a substantial property portfolio with a value in excess of $2.0 billion that accommodates around 250 customers. The Trust holds an investment grade credit rating of BBB from Standard & Poor’s.