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Moody's downgrades outlook on MNACT over damaged HK mall

Festival Walk is covered by insurance for damages and loss of income, but uncertainty exists around the extent of coverage and the property's operating performance after it reopens.


CREDIT rating agency Moody's Investors Service has changed its outlook on Mapletree North Asia Commercial Trust (MNACT) to negative from stable.

This reflects the uncertainty over the earnings and operating performance of MNACT's largest asset, the Festival Walk mall in...

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