On 13th February 2023, Lippo Malls Indonesia Retail Trust ("LMIlRT") management announced that Moody's Investors Service has downgraded the corporate family rating of LMIRT and the senior unsecured bond issued by LMIRT to Caa1 from B3. There is unease in the whole market that LMIRT has no workable refinancing plans for its bank loan maturing in November 2023 and January 2024 and also its US dollar bond that will mature in June 2024 amid the high interest rate environment and risk conscious bankers. Not forgetting what happened during the recent COVID crisis to First REIT (another Lippo Group related REIT listed on SGX), it seems that another group of retail investors is on the verge of falling victim to the poor management by the Lippo group. 3 things to take note of with regard to LMIRT albeit the seemingly very attractive distribution yield of 11.6% per annum:...