ID :
24555
Wed, 10/15/2008 - 15:36
Auther :

PEFINDO REAFFIRMS "AAA" RATINGS FOR HM SAMPOERNA

Jakarta, Oct. 15 (ANTARA) - Indonesia`s credit rating agency Pefindo has reaffirmed its "idAAA" ratings for publicly-listed PT
Hanjaya Mandala Sampoerna Tbk (HMSP) and the company`s bound III/2004 of Rp1 trillion, with a stable outlook.

The ratings reflected a strong position of HMSP in the industry and the company's very strong financial performance, Pefindo Analyst Vonny Widjaja said.

"The company's position and performance are very good. However, the condition is constrained by the government's unfavorable regulation on cigarette industry," she said.

HMSP is Indonesia's largest cigarette producer. The company is also a distributor of machine-rolled white cigarettes of Malboro produced by PT Philip Morris Indonesia (PMI).

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