GCR GCR Global Credit Rating Co. Limited Global Credit - PowerPoint PPT Presentation

GCR GCR • Global Credit Rating Co. Limited Global Credit Rating Co. Limited • GCR

• What Rating Agencies want to see in a EVALUATING A REIT typical REITs GCR

The REIT Structure - REIT type on offer GCR

THE MAJOR PARTIES NEEDED FOR A SUCCESSFUL TRANSACTION • Credit Enhancement – the nature, quality etc • Insurance companies and their credit rating status • Developers and their pedigree • Maintenance Managers with a track record • Trustee & Registrar – capacity and capability • Investment/Cash managers • Property Manager GCR

GENERAL INFORMATION ON THE SPONSOR AND ITS OPERATIONS • Credit policy guidelines and internal control systems • Information on the operating systems in use (hardware & software) • Revenue /rental/lease collection methods • The management team of the sponsor and their individual CVS detaining expertise and credentials. GCR

PROPERTY PORTFOLIO • Comprehensive property list in terms of: sector, value, age, location purchase price, state of property, lettable Space etc. • Comprehensive list of assets under the mortgage assets and equity assets GCR

FINANCE • Future cashflow, capex plan and property portfolio for the medium term horizon or transaction tenor • Borrowings position and terms. GCR

Documentation type • Placement Memorandum • Trust Deed • Cash Management/ Investment Agreement • Property Management Agreement • MOUs / Agreements with developers • Relevant documentation on credit enhancement • Investment Policy • Mortgage Policy GCR

Thank You for Listening GCR