15:54 Fitch Ratings has affirmed PT Perusahaan Gas Negara's (PGN) long-term foreign-and local-currency issuer default ratings (IDRs) at BB+ and simultaneously revised the outlooks to Positive from Stable.
PGN's national long-term rating has also been upgraded to AAA(idn) from AA+(idn). The outlook is stable.
These rating actions follow a review of PGN's operating and financial profiles, including the impact from a potential significant increase to its gas purchase costs.
"PGN's ratings reflect its dominant position in Indonesia's gas distribution sector and positive domestic demand dynamics. The company has maintained a very strong financial profile for its ratings, with strong free cash generation, low financial leverage and solid liquidity," said Shahim Zubair,
15:42 Besok, pemerintah bakal lelang SUN senilai Rp 7 triliun
14:55 INDF down grade oleh MacQuire (RX), target price Idr 5400. Disc ON.
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