Research Update: PT Kawasan Industri Jababeka Tbk. Outlook Revised To Negative On Weaker Sales And High Debt; 'B+' Rating Affirmed - S&P Global Ratings’ Credit Research

Research Update: PT Kawasan Industri Jababeka Tbk. Outlook Revised To Negative On Weaker Sales And High Debt; 'B+' Rating Affirmed

Research Update: PT Kawasan Industri Jababeka Tbk. Outlook Revised To Negative On Weaker Sales And High Debt; 'B+' Rating Affirmed - S&P Global Ratings’ Credit Research
Research Update: PT Kawasan Industri Jababeka Tbk. Outlook Revised To Negative On Weaker Sales And High Debt; 'B+' Rating Affirmed
Published Jul 31, 2017
7 pages (2575 words) — Published Jul 31, 2017
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

We expect subdued property sales for KIJA in the second half of the year, and do not anticipate a material reduction in the company's capital expenditure. Accordingly, we believe the Indonesian developer's leverage ratios may not materially recover in 2018, unless KIJA adjusts its capital spending. We are revising our outlook to negative from stable. This means there is a possibility we may downgrade the company over the next 12 months if KIJA's debt-to-EBITDA ratio fails to recover towards the 3.5x level by end 2018. We are also affirming our 'B+' long term corporate credit and issue ratings on KIJA and, in line with the outlook revision, lowering our regional scale rating on the company to 'axBB-' from 'axBB'. On

  
Brief Excerpt:

...We expect subdued property sales for KIJA in the second half of the year, and do not anticipate a material reduction in the company's capital expenditure....

  
Report Type:

Research Update

Issuer
PT Kawasan Industri Jababeka Tbk.
Sector
Global Issuers, Structured Finance
Country
Indonesia
Region
Emerging Markets
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: PT Kawasan Industri Jababeka Tbk. Outlook Revised To Negative On Weaker Sales And High Debt; 'B+' Rating Affirmed" Jul 31, 2017. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-PT-Kawasan-Industri-Jababeka-Tbk-Outlook-Revised-To-Negative-On-Weaker-Sales-And-High-Debt-B-Rating-Affirmed-1892321>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: PT Kawasan Industri Jababeka Tbk. Outlook Revised To Negative On Weaker Sales And High Debt; 'B+' Rating Affirmed Jul 31, 2017. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-PT-Kawasan-Industri-Jababeka-Tbk-Outlook-Revised-To-Negative-On-Weaker-Sales-And-High-Debt-B-Rating-Affirmed-1892321>
  
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