Moody’s lifts Indosat view to positive

Moody's Investors Service said it affirmed Indosat Tbk.'s Ba1 corporate family rating and changed the outlook to positive from stable.

"The change in outlook to positive reflects the substantial improvement evident in Indosat's operational and financial profiles, with the company – over the last four quarters – reporting YoY revenue growth of 11%-13%, above the sector average in Indonesia of about 9%," Moody's vice president and senior analyst Nidhi Dhruv said in a news release.

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