Fitch Ratings

Broker's Calls

Fitch downgrades LMIRT’s rating to 'CCC'

The outlook on all ratings for the trust remains negative.

Global Economy

Inflation seen to ease with combination of supply chain kinks smoothing, says Fitch Ratings

However, risks such as China's zero-Covid policy and war between Russia and Ukraine, remain

REITs

Fitch downgrades Lippo Malls Indonesia Retail Trust to 'B' from 'B+'

The agency has also downgraded the rating on LMIRT's senior unsecured notes due 2024 and 2026 to 'B'

Broker's Calls

Singtel's rating headroom to improve as it is likely to use cash proceeds from sale of Australian tower assets: Fitch

For the FY2023 to FY2024, the team at Fitch has estimated Singtel’s net debt/EBITDA to be at 1.8x to 1.9x.
Fitch Ratings upgrades Astrea IV, Astrea V,  Astrea VI's bonds - THE EDGE SINGAPORE

Bonds and treasuries

Fitch Ratings upgrades Astrea IV, Astrea V, Astrea VI's bonds

The upgrades were made on Feb 15 (New York time).
Stable outlook ahead for Singtel: Fitch - THE EDGE SINGAPORE

Broker's Calls

Stable outlook ahead for Singtel: Fitch

Stable outlook ahead for Singtel.

Broker's Calls

DBS's ratings not immediately affected by takeover of Lakshimi Vilas, says Fitch; bank remains a 'buy' for RHB

As at 12.36pm, shares in DBS are trading 2 cents higher or 0.08% up at $24.44.
Cromwell European REIT establishes $2.39 bil Euro Medium Term Note Programme - THE EDGE SINGAPORE

REITs

Cromwell European REIT establishes $2.39 bil Euro Medium Term Note Programme

The notes will be offered in Singapore.

Global Economy

Briefs

Quoteworthy: "I do not wish my current situation to be a distraction to their respective boards," -- Liew Mun Leong.

Global Economy

Morgan Stanley says economic downturn 'shorter than expected' while Fitch expects initial optimism to taper off

The recovery in economic activity following the “severe recession” in March and April was quicker than anticipated.
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