PT Perusahaan Listrik Negara's Proposed Drawdown And Global Medium-Term Notes Assigned 'BBB-' Rating - S&P Global Ratings’ Credit Research

PT Perusahaan Listrik Negara's Proposed Drawdown And Global Medium-Term Notes Assigned 'BBB-' Rating

PT Perusahaan Listrik Negara's Proposed Drawdown And Global Medium-Term Notes Assigned 'BBB-' Rating - S&P Global Ratings’ Credit Research
PT Perusahaan Listrik Negara's Proposed Drawdown And Global Medium-Term Notes Assigned 'BBB-' Rating
Published Oct 12, 2018
Published Oct 12, 2018
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About This Report

  
Abstract:

SINGAPORE (S&P Global Ratings) Oct. 12, 2018--S&P Global Ratings today assigned its 'BBB-' issue rating to a proposed issue of senior unsecured notes by PT Perusahaan Listrik Negara (Persero) (PLN; BBB-/Stable/--). The company will issue the notes under its US$5 billion global medium-term notes program, which we have also assigned a 'BBB-' rating. The ratings on the proposed notes and the program reflect the long-term issue credit rating on PLN. PLN intends to use the proceeds for its planned capital expenditure and general corporate purposes. The drawdown is in line with our expectation of additional debt to fund PLN's high capital expenditure plans. The rating on PLN reflects our view that the Indonesian government (BBB-/Stable/A-3) would provide timely support to

  
Report Type:

Ratings Action

Ticker
PLN@IJ
Issuer
GICS
Electric Utilities (55101010)
Sector
Global Issuers
Country
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "PT Perusahaan Listrik Negara's Proposed Drawdown And Global Medium-Term Notes Assigned 'BBB-' Rating" Oct 12, 2018. Alacra Store. Oct 15, 2018. <http://www.alacrastore.com/s-and-p-credit-research/PT-Perusahaan-Listrik-Negara-s-Proposed-Drawdown-And-Global-Medium-Term-Notes-Assigned-BBB-Rating-2112746>
  
APA:
S&P Global Ratings’ Credit Research. (). PT Perusahaan Listrik Negara's Proposed Drawdown And Global Medium-Term Notes Assigned 'BBB-' Rating Oct 12, 2018. New York, NY: Alacra Store. Retrieved Oct 15, 2018 from <http://www.alacrastore.com/s-and-p-credit-research/PT-Perusahaan-Listrik-Negara-s-Proposed-Drawdown-And-Global-Medium-Term-Notes-Assigned-BBB-Rating-2112746>
  
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