Fitch Ratings put PT PP Property Tbk. (PPRO) rating from BBB- to CCC. Currently, PPRO has the options to liquidates its banking facility of Rp751 billion while also applying to issue MTN funding instrument of Rp850 billion to the Indonesia’s Financial Services Authority (OJK) planned for October 2020. PPRO will also divest its malls and share ownership in its subsidiaries to obtain Rp1.4 trillion in the fourth quarter of 2020.