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Moody's cuts CMT's outlook to 'negative'

Change in outlook reflects the likely increase in CMT's debt leverage following the proposed acquisition

Published Thu, Aug 30, 2018 · 09:50 PM

Singapore

CREDIT ratings agency Moody's Investors Service on Thursday changed the outlook on all CapitaLand Mall Trust's (CMT) ratings from "stable" to "negative", following CMT's announcement earlier this week that it will acquire the remaining 70 per cent stake in Infinity Mall Trust which holds Westgate.

That said, it has affirmed the A2 issuer and senior unsecured ratings of most of CMT's debt.

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