Prior to the withdrawal, the REIT says that the outlook on all ratings were “stable”.
The manager of Lippo Malls Indonesia Retail Trust (SGX:D5IU
) (LMIRT) has announced that Moody’s Investors Service (Moody’s) has withdrawn LMIRT’s B3 corporate family rating following a prior request from the issuer.
Similarly, Moody’s has also withdrawn the Caa1 backed senior unsecured rating of the US dollar notes LMIRT Capital, a wholly-owned subsidiary of LMIRT.
