Goodman (NZ) Limited, the Manager of GMT is pleased to advise that the Trust's investment grade credit rating of BBB has been reaffirmed by Standard & Poor's.
The Trust's secured bonds, US private placement notes and bank debt are rated one notch higher at BBB+.
Andy Eakin, Chief Financial Officer of Goodman (NZ) Limited, said, 'GMT has maintained its stable investment grade credit rating since it was first assigned in 2009. It's a positive reflection on the strength of the balance sheet and the consistency of our business strategy.'
Goodman Property Trust published this content on 03 May 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 03 May 2017 01:53:23 UTC.
Original documenthttps://nz.goodman.com/investor-centre/goodman-property-trust-units/nzx-announcements/20170305-gmts-bbb-credit-rating-reaffirmed
Public permalinkhttp://www.publicnow.com/view/DC7E46447B09D0367817EB779169E76AD7D9DE8C
Goodman Property Trust is a New Zealand-based company, which is a warehouse and logistics space provider. In New Zealand, the Company owns, develops, and manages urban logistics space. The Companyâs invested properties include Highbrook Business Park, East Tamaki; Savill Link, Otahuhu; M20 Business Park, Manukau; The Gate Industry Park, Penrose; and Westney Industry Park, Mangere. The Companyâs customers include New Zealand Post, Mainfreight, DHL, Freightways, Officemax, Coda, Fletcher Building, Cotton On Clothing, Linfox, Supply Chain Solutions, Toll, Steel & Tube, Turners & Growers, Frucor Suntory, Asaleo Care, Viridian Glass, Metroglass, NCI Packaging, Cottonsoft, and Ingram Micro. The Company operates in key consumer markets in approximately 14 countries across Asia Pacific, Europe, and the Americas.