Bukit Makmur Mandiri Utama (P.T.) - Moody's Global Credit Research

Bukit Makmur Mandiri Utama (P.T.)

Bukit Makmur Mandiri Utama (P.T.) - Moody's Global Credit Research
Bukit Makmur Mandiri Utama (P.T.)
Published Jun 19, 2012
Published Jun 19, 2012
Price US$ 250.00  |  Buy this Report Now

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Report Type:

Credit Opinion

Bukit Makmur Mandiri Utama (P.T.)
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Bukit Makmur Mandiri Utama (P.T.): New issuer - Credit Opinion – 2017/01/17 – US$ 250.00 – ...Bukit Makmur Mandiri Utama (PT)'s (BUMA) Ba3 corporate family rating (CFR) reflects: 1) its well-recognized franchise and established relationships with Indonesia's largest coal concession holders; 2) the long-term contractual nature of its revenue base, which provides cash flow visibility; and 3) its position as Indonesia's second largest coal mining services contractor by overburden volumes. The rating also takes into account its moderate leverage profile, supported by proactive capital management through the industry downturn. At the same time, the rating remains constrained by: 1) the high degree of customer concentration risk, namely to PT Berau Coal (unrated); 2) exposure to geographic concentration in Indonesia; and 3) cyclicality in the thermal coal sector....

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Moody's Global Credit Research. "Bukit Makmur Mandiri Utama (P.T.)" Jun 19, 2012. Alacra Store. May 24, 2018. <http://www.alacrastore.com/moodys-credit-research/Bukit-Makmur-Mandiri-Utama-P-T-COP_821695241>
Moody's Global Credit Research. (). Bukit Makmur Mandiri Utama (P.T.) Jun 19, 2012. New York, NY: Alacra Store. Retrieved May 24, 2018 from <http://www.alacrastore.com/moodys-credit-research/Bukit-Makmur-Mandiri-Utama-P-T-COP_821695241>
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