Fitch Affirms and Withdraws Parkway Life REIT's Ratings

(The following statement was released by the rating agency)

SINGAPORE, July 22 (Fitch) Fitch Ratings has affirmed Parkway

Life Real Estate

Investment Trust's (PREIT) 'BBB' Long-Term Foreign-Currency

Issuer Default

Rating with Stable Outlook, and the 'BBB' Long-Term Rating on

its SGD500m

medium-term note programme. At the same time Fitch has withdrawn

these ratings

for commercial reasons. Accordingly Fitch will no longer provide

ratings or

analytical coverage of PREIT.

KEY RATING DRIVERS

Ple

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