|Bid||870.00 x 0|
|Ask||875.00 x 0|
|Day's Range||855.00 - 900.00|
|52 Week Range||700.00 - 1,060.00|
|Beta (5Y Monthly)||-0.29|
|PE Ratio (TTM)||29.98|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jul 04, 2019|
|1y Target Est||1,950.00|
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Sawit Sumbermas Sarana Tbk (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 reassessed 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.
Moody's Investors Service has downgraded the corporate family rating (CFR) of Sawit Sumbermas Sarana Tbk (P.T.) (SSMS) to B3 from B2. At the same time, Moody's has downgraded the senior unsecured rating on the $300 million notes issued by its wholly-owned subsidiary, SSMS Plantation Holdings Pte. Ltd. to B3 from B2. "The downgrade reflects our expectation that SSMS' credit profile will be materially weaker than our previous expectation, weighed by negative earnings from its downstream operations, as well as by the limited transparency around its group operations amid significant related party transactions," says Maisam Hasnain, a Moody's Assistant Vice President and Analyst.