Search result for: "stable outlook"

On the rating action, Moody’s has affirmed the Baa1/Stable rating for Telekomunikasi Selular (Telkomsel). The rating affirmation is based on the company’s established position in the wireless telecommunications operator with around 45% subscriber market share. The company’s rating is limited by the competitive nature of the operating environment, as well as the risk of indirect.

Pemeringkat Efek Indonesia (Pefindo) has downgraded the rating for Aneka Tambang, Tbk (ANTM IJ) to idBBB+/Stable from idA-/Negative, underpinned by the weaker nickel prices which then pressures its already weak profitability following the ban on exports of unprocessed mineral ores. The company has high debt level used to finance the construction of its downstream processing.

On rating front, S&P have downgraded the rating on MNC Investama, Tbk (BHIT IJ) and Gajah Tunggal, Tbk (GJTL IJ) to “B-” due to rising financing risks. The outlook for Gajah Tunggal was placed at CreditWatch while MNC Investama maintained at negative. The downgrade on both companies were mainly because of higher risk financing as.

We reinitiate coverage on the Indonesia Towerco sector with a NEUTRAL call premised on: i) the structural and operational headwinds impacting the sector in the longer term, ii) the still relatively attractive/superior EBITDA margin of the ITCs, iii) potential for opportunistic M&As, iv) and the valuation discount that the ITCs trade at when stacked against.

After downgrading Waskita Karya (Persero) Tbk (WSKT:IJ) rating to ‘idA-‘, Pemeringkat Efek Indonesia (Pefindo) now has downgraded another state owned construction company. Rating of Adhi Karya (Persero) Tbk (ADHI:IJ) and its outstanding shelf registered bond as well as shelf registered sukuk mudharabah was downgraded to ‘idA-‘ from ‘idA’ by Pefindo. Though the outlook for Adhi.

There were there corporate downgraded by Pemeringkat Efek Indonesia (Pefindo) last week. Buana Finance (BFIN:IJ) was downgraded to idBBB+/Stable from ‘idA-/Negative mainly driven by ongoing pressure on its financing lease business that resulted in weakening market position due to lower new booking since FY2014. The declining asset quality and lack of affiliation also weigh down.

Pemeringkat Efek Indonesia (Pefindo) raised the rating on Sarana Multi Infrastruktur (SMI) to AAA from AA+ with the outlook maintained stable. The upgrade was driven by stronger government support as reflected by a capital injection of IDR20.4trn last year. This rating reflects the company’s status as critical government related entity, the high potential demand for.

Standard &Poor’s (S&P) has downgraded Energi Mega Persada Tbk (ENRG:IJ) to B- with negative outlook. The downgrade was driven by higher refinancing risk given the company has substantial short term debt in its parent company. S&P sees that the affiliated Bakrie Group’s internal cash will not be sufficient to cover the short term debt. As.

Fitch Rating has downgraded Express Transindo Utama Tbk’s (TAXI:IJ) national long term rating to ‘A-(idn)’ from ‘A(idn)’ and the outlook was revised to negative from stable. The downgrade was driven by stiffer competition in Indonesian taxi industry. The industry is facing fierce competition from mobile app-based transportation services which has reduced TAXI’s ability to recruit.

Bank Indonesia’s rate cut and debt refinancing would drive some SOE’s to raise capital from bond issuance this year. Waskita Karya Tbk (WSKT:IJ idA/Stable) and Jasa Marga Tbk (JSMR:IJ idAA/Stable) seeks to release bonds worth IDR 2 trn and IDR 1,5 trn respectively. Waskita’s bond will be part of its two years bond program worth.