Moody's ups Excelcomindo Finance

Moody's Investors Service said it has upgraded the foreign currency senior unsecured bond rating of Excelcomindo Finance Co. BV to Ba3 from B1.

The outlook is stable.

The company's bonds are irrevocably and unconditionally guaranteed by PT Excelcomindo Pratama.

This rating action follows Moody's decision to upgrade Indonesia's foreign currency sovereign rating to B1 from B2. At the same time, Moody's has affirmed PT Excelcomindo Pratama's Ba2 local currency corporate family rating. The outlook remains stable.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.