Moody's may lift PGN

Moody's Investors Service said it placed PT Perusahaan Gas Negara's Ba2 corporate family rating on review for possible upgrade.

The rating action follows Moody's decision to place the Indonesian government's Ba2 rating on review for possible upgrade, the agency stated.

"Driven by its solid operating profile, strong market position, favorable trends in gas demand and the relatively stable nature of the transmission and distribution business, PGN's credit rating is strongly positioned at the Ba2 level." said Jennifer Wong, a Moody's AVP/analyst.

© 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.