Fitch Assigns Lippo Malls Indonesia Retail Trust ‘BB’ Final Rating

Fitch has assigned Lippo Malls Indonesia Retail Trust (LMIRT) a final Long-Term Foreign-Currency Issuer Default Rating (IDR) of ‘BB’ with Stable Outlook, and a final rating of ‘BB’ to its USD250 million 7.25% senior unsecured notes due in 2024. The bonds are issued by LMIRT’s wholly owned subsidiary, LMIRT Capital Pte. Ltd., and guaranteed by Perpetual (Asia) Limited in its capacity as the trustee of LMIRT.

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