Indofood gets AA+ bond rating
The Jakarta Post | Fri, 02/10/2012 9:44 AM
JAKARTA: Consumer goods giant PT Indofood Sukses Makmur Tbk (INDF) received an idAA+ rating for its bonds from local ratings agency PT Pemeringkat Efek Indonesia (Pefindo).
Indofood plans to issue a maximum of Rp 2 trillion (US$224) in bonds in the second quarter of this year to refinance its 2007 bonds that will mature on May. 15 this year, and the AA+ rating is granted for the maturing bonds, Pefindo said in a press statement published on Thursday.
Shares of Indofood were at Rp 5,100 a piece on Thursday trading as of 2:00 p.m. Jakarta time. The shares have risen 10.9 percent so far this year, outperforming the broader stock index’s 3.6 percent gain.
