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Moody's might cut Suntec
Moody's Investors Service said it announced that it put Suntec Real Estate Investment Trust's Baa1 corporate family rating and Baa2 senior unsecured debt rating on review for possible downgrade.
The action is driven by Suntec's intention to acquire a one-third interest in Marina Bay Financial Centre Towers 1 and 2 and the Marina Bay Link Mall for S$1.5 billion, the agency said.
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