Moody's ups Indofood view to positive

Moody's Investors Service said it changed the outlook of PT Indofood Sukses Makmur Tbk's (Indofood) B2 foreign currency issuer rating and foreign currency debt rating of Indofood International Finance Ltd. and guaranteed by Indofood to positive from stable.

This rating action follows Moody's decision to change the outlook of Indonesia's B2 foreign currency country ceiling for bonds to positive from stable.

At the same time, Moody's has affirmed Indofood's local currency rating of B1 with a stable outlook.

© 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.