S&P's Lippo Karawaci ratings unaffected

Standard & Poor's said its ratings on Indonesia-based PT Lippo Karawaci Tbk. (B+/stable) were not affected by the company's decision to sell its entire interest in a property development project in Singapore. With the sale of this stake, Lippo Karawaci will maintain its capital expenditure of Rp 2.5 trillion over the next four to five years and will not be required to obtain additional financing, the agency said.

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