The affirmation reflects Globe Trade Centre’s ability to remain within current rating guidelines despite increasing pressure on portfolio value and interest coverage.

Scope’s expectation of stable credit metrics drive the affirmation despite increasing pressure on portfolio value and interest coverage.

The rating affirmation is driven by GTC’s ability to keep credit metrics within the current rating guidelines despite strong growth in FY 2021 as well as substantially improved liquidity.

New bond issuance under MNB Bond Funding for Growth Scheme planned for Q1 2021.

The rating is driven by GTC's market positioning in CEE and SEE. The company's well located, relatively young property portfolio helps to attract blue-chip tenants, keeping occupancy high and supporting stable cash flow and credit metrics.