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LMIRT Lippo malls indonesia retail trust

Moody’s Downgrades Lippo Mall Indonesia Retail Trust’s Rating To B3 From B2

Nov 19m 2022 – Moody’s Investors Service has downgraded the corporate family rating of LMIR Trust and the backed senior unsecured bond issued by LMIRT Capital Pte. Ltd., a wholly-owned subsidiary of LMIR Trust, to B3 from B2. The outlook on all ratings remains negative.

The downgrade was triggered by Moody’s expectations that LMIR Trust’s rising refinancing pressure amid a tight funding environment and uncertainty surrounding the pace of recovery from the pandemic in an environment of inflation and slower growth, LMIR said in a statement.