WebMar 5, 2024 · Fitch may downgrade the rating on GLP if we assess that the deleveraging plan will not be effective in reducing leverage in the coming 12 months. Good Execution Track Record: GLP has multiple funding levers, including asset sales to new funds, establishing potential China acquisition funds and income funds, syndicating new and … WebDec 11, 2024 · Fitch Ratings believes GLP Pte. Ltd.'s (BBB/Stable) business profile, including the scale and diversification of its logistic property portfolio and customers, is better than that of other 'BBB' and 'BBB+' rated logistic property owners or operators. GLP has one of the largest global logistic real-estate footprints across Brazil, China, Europe ...
GLP Pte. Ltd. Reports Moody
WebApr 27, 2024 · Please join our leading S&P Global Ratings analysts from the Corporate Ratings team for a live interactive webinar on Tuesday,April 27, where they will discuss the rationale behind the recent rating action on GLP And GLP China. You can read the Research Update here: GLP And GLP China Ratings Lowered To 'BBB-', Outlook … WebJan 10, 2024 · National sovereign wealth fund GIC is GLP's single-largest shareholder, with a nearly 37 per cent stake. Nesta Investment Holdings - a Chinese private equity consortium backed by senior executives from GLP - will cough up S$3.38 a share in cash for the warehouse provider, in the largest private equity buyout of an Asian company by … fisher industrial faucets
Fitch Revises Outlook on GLP to Stable from Negative; Affirms at …
WebApr 6, 2024 · Fitch Solutions / Country Risk / Switzerland / Thu 06 Apr, 2024. Key View. We expect the October 2024 National Council and December 2024 Federal Council elections to deliver broad continuity in Swiss politics. ... (glp) receiving less than the 28 seats (13.24% of vote) and 16 seats (7.80%) they received respectively in 2024 elections. This ... WebJun 22, 2024 · Fitch believes an increase in GLP's rental income will help underpin the company's ratings, as visibility on cash flow from long-term contractual rental income is a key driver for Asian REITs and property investment companies. Changing Leverage Profile: The increase in GLP's 2024 leverage due to multiple acquisitions announced early last … Higher Leverage from Related-Party Transactions:GLP's net debt rose from USD10.3 billion at end-2024 to USD13 billion at 30 June 2024. The rise in leverage was mainly driven by USD2.6 billion in cash advances made to Bidco in this period. The cash outflow comprised two major transactions, bridge financing … See more GLP's business profile is comparable with that of Singapore-based Mapletree Industrial Trust (MIT, BBB+/Stable) and Mapletree Logistics … See more Factors that could, individually or collectively, lead to positive rating action/upgrade: Fitch does not expect positive rating action in the near term until GLP demonstrates … See more Fitch's Key Assumptions Within Our Rating Case for the Issuer: - 2024-25 recurring EBITDA (including JCE dividends) CAGR at … See more International scale credit ratings of Non-Financial Corporate issuers have a best-case rating upgrade scenario (defined as the 99th percentile of … See more canadian medical association journal if