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Credit downgrade

Lippo Karawaci says Fitch credit downgrade 'regretted'; fund-raising progressing smoothly

SINGAPORE (Nov 20): Indonesian property developer Lippo Karawaci has expressed regret over a credit downgrade by Fitch Ratings, saying its IDR 6 trillion ($564 million) divestment plan to strengthen capital was progressing smoothly.

November 20, 2018

The Edge Publishing Pte Ltd.