Moody's Investors Service has placed the A2/Negative ratings of Westfield Group on review for possible downgrade. The action was prompted by the Group's announcement that Westfield Group will undertake a restructure which will involve the transfer of approximately AU$12 bn of Australian and New Zealand assets into a new listed property trust, the Westfield Retail Trust.
Westland Shopping Centre in the Brussels neighbourhood of Anderlecht may be up for sale, according to Belgian media reports.
