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Lippo's troubles spell credit risks for Reits, but OUE could benefit

S&P keeping its long-term B- rating and negative outlook on the stock; Meikarta could be 'too big to fail', it says

Published Thu, Oct 25, 2018 · 09:50 PM

Singapore

THE Indonesian authorities' probe into alleged bribery linked to the Lippo Group's US$21 billion Meikarta property project near Jakarta is unlikely to have a significant impact on Riady-linked counters listed in Singapore, analysts say.

This is largely because of how the group's Indonesia and Singapore businesses have been, for the most part, divided between the two brothers, James and Stephen Riady.

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