Fitch Ratings has downgraded Lippo Malls Indonesia Retail Trust's (LMIRT) Long-Term Issuer Default Rating (IDR) to 'B-', from 'B'. The Outlook is Negative. The agency has also downgraded the rating on LMIRT's senior unsecured notes due 2024 and 2026 to 'B-', from 'B'; with the Recovery Rating remain...

FITCH Ratings on Monday (Nov 28) downgraded Lippo Malls Indonesia Retail Trust’s (LMIRT) issuer default rating to “B-” from “B” previously. The Singapore-listed trust’s outlook has also been revised downwards to negative from stable previously. 

THE following companies saw new developments that may affect trading of their securities on Tuesday (Oct 25):

THE manager of Lippo Malls Indonesia Retail Trust (LMIRT) announced via a bourse filing on Friday (Oct 21) that the trust has obtained a bridging loan facility of up to S$67.5 million with BNP Paribas and the Singapore branch of CIMB.

Lippo Malls Indo Retail Trust (LMIR Trust) has announced that it has obtained a bridging loan facility of up to $67.5 million.In its capacity as trustee of LMIR Trust, Perpetual Asia Limited (PAL) has entered into a facility agreement with lenders including BNP Paribas and CIMB Bank Berhad’s Singa...

It has been indicated often by this publication that interest rates impact REITs in three main ways. First and foremost, the most important in the short-term is the yield spread where REIT unit prices are affected as a result of the yield spread; secondly, DPU is impacted as interest expense ris...

Lippo Malls Indonesia Retail Trust has been removed as one of the constituents from the FTSE Group’s Benchmark Index during its review in September. The trust was previously in 18th place out of the 29 constituents during the June review.The Benchmark Index is relevant to the determination of the ...

The long-suffering unitholders of Lippo Mall Indonesia Retail Trust will be able to receive distributions per unit (DPU) in 2QFY2022 of 0.09 cents, unchanged y-o-y, while 1HFY2022 DPU gained 5.9% y-o-y to 0.18I cents. However, net asset value (NAV) fell to 8.76 cents as at end-June, down from 9.49 c...

THE manager of Lippo Malls Indonesia Retail Trust (LMIR Trust) on Monday (Aug 8) reported distribution per unit (DPU) of S$0.0009 for the second quarter ended June 2022, unchanged from a year ago, as distribution to unitholders edged up 0.3 per cent to S$6.9 million.

Fitch Ratings has downgraded Lippo Malls Indonesia Retail Trust's (LMIRT) Long-Term Issuer Default Rating (IDR) to ‘B’, from ‘B+’ with stable outlook.The agency has also downgraded the rating on LMIRT's senior unsecured notes due 2024 and 2026 to 'B', from 'B+'; with the Recovery Rating rema...

The yield on 10-year Singapore Government Securities (SGS), the so-called risk free rate, has retreated somewhat from its peak of 3.18% since mid-June. The local risk-free rate is important to REIT investors because unit prices of REITs are affected by the 10-year SGS yield through the yield spread....

Covid and the pandemic of 2020– 2022 wasn’t the first global disaster CapitaLand Integrated Commercial Trust (CICT) journeyed through. As CapitaLand Mall Trust (CMT), and barely a year after its IPO, Sars kept people away from shopping centres and malls. Sars was, however, short-lived, and contr...

MOODY’S Investors Service has downgraded the corporate family rating of Lippo Malls Indonesia Retail Trust (LMIRT) from B1 to B2, it said on Wednesday (Jun 22).

"The downgrade reflects our expectations that LMIRT's credit metrics will remain weak despite improving operating environment in Indonesia as restrictions ease. Rising interest rates also heighten risks that the trust's interest coverage will further weaken given its high proportion of floating-rate...

On June 9, Moody's Investors Service warned that Indonesia is facing a heightened risk of rupiah depreciation due to rising foreign capital outflows – a credit negative for rated Indonesian developers as most of their debt is in US dollars. Most developers' financial hedges have reduce...