Search result for: "stable outlook"

On rating action, Pemeringkat Efek Indonesia (Pefindo) has maintained idA+ with negative outlook on Medco Energi Internasional, Tbk (MEDC IJ) amid its more aggressive capital structure following the acquisition of Newmont Nusa Tenggara (NTT). However, the acquisition is expected to positive affect the rating as the company may receive potentially higher cash flow from NTT..

Moody’s Investors Service recently raised the rating outlook Lippo Karawaci, Tbk (LPKR IJ) become stabled from the previous negative rating and maintain B3. In addition to Global.

Pemeringkat Efek Indonesia (Pefindo) has downgraded rating on rating Sinar Mas Agro Resources and Technology Tbk (SMAR IJ) to idA+/Sta from idAA-/Neg, driven by its high leverage which likely to sustain on short to medium term, weak cash flow, and lower production volume which will translate into higher debt to finance its working capital. The.

The outlook on Japfa Comfeed Indonesia, Tbk (JPFA IJ) had been revised to stable from negative by S&P. While its long term corporate rating affirmed at ‘B’ along with its senior unsecured notes. The outlook revision due to Japfa’s improving liquidity and declining refinancing risk after equity sale to KKR & Co. (KKR) that now.

Pemeringkat Efek Indonesia (Pefindo) has affirmed PT Bank Pembangunan Daerah Jawa Barat & Banten Tbk or Bank BJB (BJBR:IJ) ratings at ‘idAA-‘ with its outlook was revised to stable from negative. The similar rating also affirmed for its outstanding bond VII/2011. The outlook upgrade is driven by the sustainable recovery in Bank BJB’s asset quality..

S&P Downgrade ASRI Rating with Negative Outlook. The Standard & Poor’s (S&P) rating agency Global Ratings lowers the debt rating of Alam Sutera Realty Tbk (ASRI) from B to B– with negative outlook. The rating decline also applies to the unsecured senior bonds of ASRI. The rating decline reflects the expectation.

Fitch Ratings has revised the outlook on Indonesia Eximbank to Positive from Stable. At the same time, Fitch did not raise outlook on other 3 SOE banks Bank Rakyat Indonesia, Tbk (BBRI:IJ), Bank Mandiri, Tbk (BMRI:IJ), and Bank Negara Indonesia, Tbk (BBNI:IJ) but affirming them at stable outlook in view that the government’s support on.

On the rating front, Fitch has raised the outlook on 6 Indonesia stated owned companies to positive following its revision on the country’s sovereign rating. The SOEs whose outlook being revised to positive are; i) Perusahaan Listrik Negara (PLN), ii) Perusahaan Gas Negara, Tbk (PGAS IJ), iii) Telekomunikasi Indonesia, Tbk (TLKM IJ), iv) Pertamina, v).

Moody’s has confirmed the Caa1 rating of MNC Investama, Tbk (BHIT IJ) while its outlook was revised down to negative, underpinned by persistent level of refinancing risk present throughout the BHIT group over the next 18 months. As of 30 September, BHIT’s short-term and other current debt totaled IDR8.3trn, or around IDR 6.0trn pro forma.

S&P Global Ratings raised its long-term corporate credit rating on Japfa Comfeed Indonesia, Tbk (JPFA IJ) to ‘B+’ from ‘B’ with stable outlook. The upgrade reflects Japfa’s initiatives to lengthen its debt maturity profile and better than expected operating and financial performances. The company’s EBITDA nearly reached IDR3trn in 9M16, almost 30% higher than whole.