BondEvalue

Credit

Rating agency Fitch revised Indonesian homebuilder Lippo Karawaci to stable while keeping its B- rating. The stable outlook was based on expectations that Lippo will maintain sufficient liquidity at a standalone level, excluding key listed subsidiaries, PT Lippo Cikarang Tbk and PT Siloam International Hospitals Tbk, but including other business units, to meet its obligations through end-2022. They did note that a key risk was that Lippo may need to resort to further asset sales to boost…

Indonesia

PT Lippo Karawaci Tbk is a diversified and integrated property group and is involved in townships, residential homes, hospitals, hotels, retail malls and industrial estate development and management.  PT Lippo Karawaci through its subsidiaries is also engaged in property and REIT management.

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