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Brazil's shopping centre glut sparks concerns in bond market

General Shopping's bond yields climb as firm's rating is cut

[SAO PAULO] Brazil's shopping malls are proving to be the latest bond-market casualties of the nation's economic malaise. General Shopping, the owner of 18 malls, had its rating cut by Moody's Investors Service on May 9 on concern a building boom in shopping centres will end up harming creditors

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