Moody’s Rated Ba3 to Chandra Asri

Moody’s Investor Service rated of Ba3 against the bonds that will be issued by PT Chandra Asri Petrochemical, Tbk (TPIA IJ). Company is plan to issue senior unsecured notes worth USD300mn, guaranteed by its subsidiary, namely PT Styrindo Mono Indonesia and PT Petrokimia Butadiene Indonesia.

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