Moody's ups Perusahaan Listrik Negara view to positive

Moody's Investors Service said it changed the outlook to positive from stable for the B1 corporate family rating and senior unsecured bond rating of PT Perusahaan Listrik Negara.

This action follows Moody's decision to change the outlook of Indonesia's B1 foreign- and local-currency government bond ratings to positive from stable.

PT Perusahaan Listrik Negara is an Indonesian state-owned vertically integrated electricity utility, a monopoly operator of transmission and distribution networks and is the country's largest electricity producer. The government has complete ownership, the agency said.

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