The Business Times

lippo group

Companies & Markets

LMIRT’s gearing exceeds 45% amid currency changes

The loans were intended for purchasing 38 units in Marina Collection, a high-end waterfront residential enclave developed and sold by LMC, a subsidiary of Indonesia’s Lippo Group.
Property

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”.
Companies & Markets

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.
Companies & Markets

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.
Companies & Markets

Court raps developer Lippo Marina Collection in appeal by UOB

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

Fitch downgrades outlook, ratings for LMIRT on refinancing risk

LMC is thus liable to pay damages to UOB, the quantum of which will be determined at the assessment of damages, said the Court.
Mobile SpotlightResidential

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

The loan would be used to refinance existing debt obligations of Perpetual Asia, a trustee of Lippo Mall Indonesia Retail Trust.
Companies & Markets

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

Moody’s maintains its negative outlook on all ratings.
Companies & Markets

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

UOB loses suit against Lippo but plans to appeal
Companies & Markets

UOB loses suit against Lippo but plans to appeal

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