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S&P revises Aneka Tambang view to stable
S&P said it revised the outlook for PT Aneka Tambang Tbk. to stable from positive.
“The outlook revision on Antam reflects our view that the ban of nickel ore exports will slow the company’s deleveraging. This is because we expect capital expenditures for downstream capacity expansion to continue without the profit from nickel ore exports,” said S&P in a press release.
The agency affirmed its B rating on the company.
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