There has been some negative development in respect of Embassy Property Development group as per Credit rating report from Acuite. I am enclosing copy of the document.
While it does not have direct impact on Embassy REIT, still the unit offered by Embassy Group as collateral for structured NCD, in case of stress may result in distress liquidation and may have impact on price in short term.
Discl: I continue to hold my investment with close monitoring on development. Investor shall consider his/her own risk profile and take investment decision. I may change my view and act on my investment (including selling) without informing forum.
Embassy Developer Acquite RR BB Rarting 11Nov2022.pdf (152.4 KB)
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