S&P affirms Matahari Putra Prima

Standard & Poor's said it affirmed its B- long-term corporate credit rating on PT Matahari Putra Prima Tbk. At the same time, the outlook was revised to positive from stable.

S&P said the rating on Matahari reflects the challenging operating conditions and a challenging trading outlook in a country where the economic and political environments are unstable.

Besides its need to successfully introduce new shopping concepts to keep abreast with market trends and changing demographics, Matahari's other challenges include realizing cost efficiencies through greater management accountability and better inventory control.

© 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.