Lippo Malls REIT faces credit ratings downgrade on ambitious acquisition plan

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The credit-related ratings of Lippo Malls Indonesia Retail Trust (LMIRT) have been placed on review for downgrade, amid news that the REIT will proceed with the acquisition of Lippo Malls Puri.

The retail REIT first announced its intention to acquire Lippo Malls Puri from its sponsor’s subsidiary in 2019, as reported by REITsWeek in March that year.

Related: Lippo Malls REIT acquires property from sponsor’s subsidiary for USD260 million


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