Moody's affirms Infoasia Teknologi Global

Moody's Investors Service said it affirmed the Ba2.id national scale corporate family and bond ratings of PT Infoasia Teknologi Global Tbk.

Moody's said it revised its outlook to stable from negative.

The outlook recognizes the timely repayment of the company's Rp 35 billion bond that matured on Dec. 23. That repayment has alleviated the near-term refinancing risk, Moody's said.

Moody's said it draws further comfort from the company's ability to manage its declining operating profile. This has been reflected by better than expected September 2007 results, including gradually improving operating cash flow, the agency said.

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