ID :
35114
Thu, 12/11/2008 - 16:28
Auther :
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https://www.oananews.org//node/35114
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NUSANTARA V PLANTATION COMPANY GETS "A" RATINGS
Jakarta, Dec. 11 (ANTARA) - Indonesian credit rating agency Pefindo has reaffirmed its "A" ratings for publicly-listed PT
Nusantara V plantation company and the company`s bond I/2003 of Rp300 billion due in November 2010, with a stable outlook.
The ratings reflected a conservative financial leverage, a strong liquidity, and a protection of cash flow, Pefindo analyst Ronald Hertanto said here on Thursday.
It also reflected an increase in fresh fruit stem supplies from nucleus plantations, he said.
However, the ratings were constrained by a profile of relatively old oilpalm plantation, a high dependency on supplies of fresh fruit stems from nucleus plantations, and an exposure toward commodity price fluctuations, he said.
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Nusantara V plantation company and the company`s bond I/2003 of Rp300 billion due in November 2010, with a stable outlook.
The ratings reflected a conservative financial leverage, a strong liquidity, and a protection of cash flow, Pefindo analyst Ronald Hertanto said here on Thursday.
It also reflected an increase in fresh fruit stem supplies from nucleus plantations, he said.
However, the ratings were constrained by a profile of relatively old oilpalm plantation, a high dependency on supplies of fresh fruit stems from nucleus plantations, and an exposure toward commodity price fluctuations, he said.
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