Lippo Malls Indonesia Retail (SG:D5IU) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Fitch Ratings has upgraded Lippo Malls Indonesia Retail Trust’s Long Term Issuer Default Rating to ‘CCC+’ from ‘C’, recognizing improved liquidity and the ability to repay short-term debt, despite potential challenges in financing future obligations. The company’s senior unsecured notes have also been upgraded with a recovery rating assigned, while the Trust remains in compliance with its financial covenants.
For further insights into SG:D5IU stock, check out TipRanks’ Stock Analysis page.