Previous Close | 22.68 |
Open | 22.68 |
Bid | N/A x N/A |
Ask | N/A x N/A |
Day's Range | 22.68 - 22.68 |
52 Week Range | 3.42 - 22.85 |
Volume | 100 |
Avg. Volume | 9 |
Market Cap | 5.104B |
Beta (5Y Monthly) | N/A |
PE Ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | N/A |
Moody's Investors Service has assigned a Baa2 senior unsecured rating to the proposed senior notes to be issued by Indonesia Asahan Aluminium (Persero) (P.T.) (Inalum, Baa2 negative). Inalum plans to use the proceeds redeem certain of the company's existing bonds, acquire shares in other mining companies, and refinance outstanding indebtedness of the group. The Baa2 rating on the proposed notes is in line with Inalum's issuer rating and Moody's rating on the company's existing senior unsecured bonds.
Moody's Investors Service has affirmed Indonesia Asahan Aluminium (Persero) (P.T.) (Inalum)'s Baa2 issuer rating and the Baa2 ratings on the company's senior unsecured notes. At the same time, Moody's has changed the ratings outlook to negative from stable. Inalum's Baa2 issuer rating reflects the application of Moody's rating methodology for government-related issuers -- published in February 2020 -- that combines: (1) its ba2 baseline credit assessment (BCA); and (2) a three-notch uplift based on Moody's expectation of a high likelihood of extraordinary support for the company from the government of Indonesia (Baa2 stable) in times of need.