Lippo Malls Indonesia Retail (SG:D5IU) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Moody’s Investors Service has upgraded Lippo Malls Indonesia Retail Trust’s corporate family rating to B3 and its senior unsecured bond rating to Caa1, both seeing an improvement from a previous Caa3 rating. The upgrade comes on the back of the Trust’s enhanced liquidity after successfully managing upcoming debt maturities, repaying a US$97.6 million bond and completing a tender offer with the proceeds from a bank loan. The outlook for LMIR Trust has also been revised to stable, reflecting a positive assessment of its financial stability.
For further insights into SG:D5IU stock, check out TipRanks’ Stock Analysis page.