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Prospect News home > News index > List of issuers P > Headlines for Perusahaan Listrik Negara (PLN) > News item |
Moody's rates Perusahaan Listrik Negara bond Ba3
Moody's Investors Service said it assigned a Ba3 senior unsecured rating to PT Perusahaan Listrik Negara's proposed bond issuance and affirmed its Ba3 corporate family rating.
The outlook is positive, which is in line with the sovereign's positive outlook.
The proceeds will be used to partially fund the capital expenditure requirements and for general corporate purposes.
Moody's said it considers the company closely linked to the government's credit quality in light of its 100% ownership by the Ministry of State-Owned Enterprises, strategic importance as Indonesia's only vertically-integrated electricity utility and the government subsidies to ensure its financial viability and operational soundness.
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