|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||4.1000 - 4.1000|
|52 Week Range||2.7300 - 6.1100|
|Beta (5Y Monthly)||1.99|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.14 (3.54%)|
|Ex-Dividend Date||Jun 05, 2020|
|1y Target Est||N/A|
Moody's Investors Service has downgraded the corporate family rating (CFR) and the senior unsecured rating of Saka Energi Indonesia (P.T.) to B2 from B1. At the same time, Moody's has placed the CFR and the rating on the senior unsecured notes on review for downgrade. The outlook on all ratings has been changed to rating under review from negative.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Perusahaan Gas Negara (P.T.) and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's assessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers, which was followed by a rating committee.
Coupled with a likely contraction in gas demand, Moody's expects this measure will weaken PGN's credit metrics in 2020 but the level of these metrics will remain above the threshold for its standalone credit profile. PGN's credit metrics will weaken over the next 12 to 18 months, with retained cash flow (RCF)/debt at 15%-20% and interest coverage around 4.0x-4.5x.