Moody's lifts Pelindo ratings

Moody's Investors Service said it upgraded PT Pelabuhan Indonesia (Persero)'s (Pelindo) issuer and senior unsecured bond ratings to Baa2 from Baa3 and changed the outlook to stable from positive.

At the same time, Moody's upgraded Pelindo's baseline credit assessment to baa3 from ba1.

The upgrade of Pelindo's issuer and senior unsecured bond ratings and BCA reflects the company's continued solid operating performance, driven by throughput growth and commissioning of new port assets, Moody’s said in a news release.

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