Fitch affirms Metrodata

Fitch Ratings said it affirmed PT Metrodata Electronics Tbk.'s (Metrodata) national long-term rating at BBB+(idn), along with its Islamic bond I due in July 2013 at BBB+(idn).

The outlook is stable.

The ratings reflect Metrodata's established track record in the Indonesian IT distribution and solutions sectors, robust credit metrics, counter-cyclical cash flows and sound liquidity, Fitch said.

The ratings also factor in an expectation of robust demand driven by strong domestic economic growth, low IT penetration and falling prices of IT-related products, the agency said.

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