Fitch Ratings

LMIRT’s rating downgraded to ‘C’ by Fitch - THE EDGE SINGAPORE

REITs

LMIRT’s rating downgraded to ‘C’ by Fitch

The trust’s senior unsecured notes due in 2024 and 2026 have also been downgraded to ‘C’.
 Fitch: Singlife purchase to strengthen Sumitomo Life’s credit profile - THE EDGE SINGAPORE

Broker's Calls

Fitch: Singlife purchase to strengthen Sumitomo Life’s credit profile

Fitch Ratings believes the acquisition of SingLife by Suitomo Life to be a strengthening one by the Japanese company.

REITs

Fitch downgrades LMIRT’s rating to ‘C’

The downgrade comes after LMIRT announced that the tender offer for its senior unsecured notes due in 2024 and 2026 would proceed.

Tech

Fitch: Semiconductor only bright spot amid dimming Asia Pac tech sector

APAC's semiconductor sector likely to rebound in 2024 after low 2023, other tech sectors continues to slump, says Fitch.
With Fitch's US credit rating downgrade, world's shrinking AAA debt options include Singapore, Norway - THE EDGE SINGAPORE

US Economy

With Fitch's US credit rating downgrade, world's shrinking AAA debt options include Singapore, Norway

Fitch’s downgrade of the US sovereign follows the cut by S&P in 2011.
US stripped of 'AAA' rating by Fitch as budget deficits swell - THE EDGE SINGAPORE

US Economy

US stripped of 'AAA' rating by Fitch as budget deficits swell

The credit grader cut the US one level from AAA to AA+, echoing a move made more than a decade ago by S&P Global Ratings.

REITs

Fitch downgrades LMIRT's rating to 'CCC-'

The downgrade reflects material delays in the refinancing of LMIRT's term loans due in Nov 2023 and Jan 2024.

Broker's Calls

Fitch downgrades LMIRT’s rating to 'CCC'

The outlook on all ratings for the trust remains negative.

Global Economy

Inflation seen to ease with combination of supply chain kinks smoothing, says Fitch Ratings

However, risks such as China's zero-Covid policy and war between Russia and Ukraine, remain

REITs

Fitch downgrades Lippo Malls Indonesia Retail Trust to 'B' from 'B+'

The agency has also downgraded the rating on LMIRT's senior unsecured notes due 2024 and 2026 to 'B'
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