US shopping mall REIT downgraded on retail woes
The aversion of US capital markets investors to regional shopping malls is putting pressure on real estate investment trusts that target the sector, with Fitch stripping one of them of investment grade status on Thursday.
CBL & Associates Properties, a real estate investment trust that focuses on regional shopping malls, was downgraded by Fitch Ratings on Thursday with the agency saying the secular shift in consumer shopping habits will put pressure on the company’s cashflows and access to capital.
Fitch downgraded CBL’s long
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