ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Lippo Karawaci downgraded to B2 by Moody's

Rating agency raises worries about company's operating cashflow

Lippo Karawaci is a conglomerate that also operates hospitals.   © Reuters

BADUNG, Indonesia -- Moody's Investors Service has downgraded Lippo Karawaci's credit rating from B1 to B2 with a negative outlook amid concerns about the company's liquidity.

Lippo Karawaci, Indonesia's largest hospital operator and a unit of conglomerate Lippo Group, had been put on a rating watch by Moody's in mid-April after it failed to file its full-year 2017 results on time, the third time over the last year that it had failed to do so.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more