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-Lippo Karawaci gets Fitch's final B+ rating for USD125m notes.

BANKING AND CREDIT NEWS-March 7, 2011--Lippo Karawaci gets Fitch's final B+ rating for USD125m notes(C)2011 M2 COMMUNICATIONS http://www.m2.com

7 March 2011 - Fitch set on Monday a final B+ rating with a final recovery rating of 4 to the USD125m (EUR89.4m) notes of Indonesian residential and commercial urban developer PT Lippo Karawaci Tbk (JAK:LPKR), or LK, which were issued by its unit Sigma Capital Pte Ltd.

The notes, due 30 April 2015, are guaranteed by LK, with proceeds from the offering to be used for debt refunding.

The rating action follows the notes issue completion and the receipt of documents confirming the information previously obtained, the agency said. The final rating is the same as the expected one assigned on 9 February 2011, Fitch added.

((Comments on this story may be sent to info@m2.com)).END.PUB430>PDMarch 7, 2011>JNBANKING AND CREDIT NEWS.PRICEDATENOT APPLICABLE.DAY

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Publication:M2 Banking & Credit News (BCN)
Date:Mar 7, 2011
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