Lippo Malls Indonesia Retail (SG:D5IU) has released an update.
Lippo Malls Indonesia Retail Trust, managed by LMIRT Management Ltd., has had its credit ratings withdrawn by Moody’s Investors Service and will also see Fitch Ratings withdraw its ratings by September 30, 2024, for commercial reasons. Moody’s had previously rated the Trust’s corporate family at B3 with a stable outlook, while Fitch rated its Long-Term Issuer Default at ‘CCC+’ and the senior unsecured US dollar notes at ‘CCC-‘, with a ‘RR6’ Recovery Rating. Investors holding the remaining US$22.6 million in senior unsecured notes due 2026 should look to SGXNet for future disclosures.
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