Moody's rates Aneka Gas bond A3(id)

Moody's Investors Service said it assigned a national scale corporate family rating of A3.id and a provisional A3.id bond rating to PT Aneka Gas Industri. The bond rating is contingent upon receipt of final documents.

The ratings reflect its established business model with a long track record in the industrial gas sector, Moody's said.

The ratings are constrained by the company's relatively small size and projected increased leverage due to its expansion plans, the agency said.

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