lippo group

High Court judge lays out grounds of decision to award UOB S$17.7 million in Lippo Marina Collection lawsuit 

Lippo Malls Indonesia Retail Trust's gearing now stands at an estimated 45.2 per cent.

LMIRT’s gearing exceeds 45% amid currency changes

The police are investigating Lippo Marina Collection - the developer of Sentosa Cove condominium Marina Collection - over alleged fraud.

Lippo unit under police probe over alleged fraud in case involving UOB loans

Fitch has also upgraded the rating on LMIRT’s senior unsecured notes due 2024 and 2026 to “CC”, from “C”, with the recovery rating remaining at “RR4”.

Fitch upgrades LMIRT issuer default rating to ‘CC’ from ‘C’

LMIRT continues to explore options and measures to maintain a sustainable capital structure and reduce the aggregate leverage of the trust, says its manager.

LMIRT flags potential negative effect on distributions after Moody’s rating downgrade

Facade of the Marina Collection condominium at Sentosa Cove taken on May 31, 2021.

Court raps developer Lippo Marina Collection in appeal by UOB

Although LMIRT has demonstrated an ability to “tap banks and capital markets” even during the worst of the Covid-19 pandemic, Fitch analysts say execution risks have “increased significantly” as capital market conditions have turned unfavourable. 

Fitch downgrades outlook, ratings for LMIRT on refinancing risk

Lippo will have to pay damages and partial costs to UOB.

UOB wins appeal against Lippo in furniture rebate case; Lippo said to have ‘distorted’ property market

Above: Lippo Mall Puri in west Jakarta, a mall in the portfolio of the Lippo Malls Indonesia Retail Trust (LMIRT). The manager of the trust said the loan would be used to refinance existing debt obligations of Perpetual Asia, a trustee of LMIRT.

Lippo Malls Indonesia Retail Trust obtains S$67.5m bridging loan facility

Moody’s has pushed the corporate family rating of Lippo Malls Indonesia Retail Trust (LMIRT) from B1 to B2. It similarly downgraded bonds issued by LMIRT's wholly-owned subsidiary, LMIRT Capital, from B1 to B2.

Moody’s downgrades Lippo Malls Indonesia Retail Trust’s rating on weak financials