Moody’s acts on Indonesian infrastructure issuers

Moody's Investors Service said it acted on five Indonesian infrastructure issuers following the upgrade of Indonesia.

The agency upgraded Perusahaan Listrik Negara’s issuer rating and senior unsecured ratings to Baa2 from Baa3 and revised the outlook to stable from positive. The ba2 baseline credit assessment was affirmed.

Moody’s upgraded the senior unsecured rating for the bond issued by Majapahit Holding BV to Baa2 from Baa3. The outlook was revised to stable from positive.

The agency upgraded Perusahaan Gas Negara’s issuer and senior unsecured ratings to Baa2 from Baa3 and revised the outlook to stable from positive.

Jasa Marga (Persero) Tbk’s issuer and senior unsecured ratings were upgraded to Baa2 from Baa3 and the outlook was revised to stable from positive. The ba2 BCA was affirmed.

Moody’s upgraded Pelabuhan Indonesia II (Persero)’s issuer and senior unsecured ratings to Baa2 from Baa3 and revised the outlook to stable from positive. The ba1 BCA was affirmed.

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