|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||4.4400 - 4.4400|
|52 Week Range||4.4400 - 7.9800|
|Beta (5Y Monthly)||1.15|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.02 (0.47%)|
|Ex-Dividend Date||Jun 19, 2020|
|1y Target Est||N/A|
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Jasa Marga (Persero) Tbk (PT) 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.
Moody's Investors Service has downgraded the issuer and senior unsecured ratings of Jasa Marga (Persero) Tbk (PT) to Baa3 from Baa2. The downgrade of Jasa Marga's ratings reflects a one-notch reduction in Moody's expectation of support from the Government of Indonesia (Baa2 stable) to Jasa Marga in times of need. "While Moody's continues to expect that Jasa Marga will receive government support in times of need, reflecting its important role of developing road infrastructure, the one-notch reduction in rating uplift considers the government's increasingly selective approach towards supporting the State Owned Enterprises given its current fiscal position, and Jasa Marga's comparatively lower strategic importance than other higher rated and more critical SOEs", says Ray Tay, a Moody's Senior Vice President.
Moody's Investors Service has today changed the outlook on the ratings of Jasa Marga (Persero) Tbk (PT) to negative from stable. At the same time, Moody's has affirmed the Baa2 issuer and senior unsecured ratings.