Ratings Raised On Seven Indonesian Companies After Similar Action On The Sovereign

Stocks and Financial Services Press Releases Friday May 19, 2017 17:58
SINGAPORE--19 May--S&P Global Ratings

SINGAPORE (S&P Global Ratings) May 19, 2017--S&P Global Ratings said today that it had raised its long-term corporate credit ratings on seven Indonesian companies following a similar action on the sovereign credit rating on Indonesia (BBB-/Stable/A-3; axA-/axA-2). We raised the long-term ASEAN regional scale rating on four companies. We also raised the issue ratings to 'BBB-' from 'BB+' on the outstanding notes issued by the following entities: PT Pertamina (Persero); PT Pelabuhan Indonesia II (Persero); PT Pelabuhan Indonesia III (Persero); PT Perusahaan Gas Negara (Persero) Tbk.; and the issue ratings to 'BB+' from 'BB' on the outstanding notes issued by PT Saka Energi Indonesia.


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