03.08.2016 13:41:00
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Lippo Karawaci Tbk (P.T.) -- Moody's: Lippo Karawaci's refinancing extends debt maturities, but business execution is key to maintaining ratings
Singapore, August 03, 2016 -- Moody's Investors Service says that Lippo Karawaci Tbk (P.T.)'s (Ba3 stable) announcement of a tap bond offering on its existing $150 million notes due 2022 to raise funds for the call redemption of its $250 million notes due 2019 but have been callable since May 2016 is credit positive.