|
|
 |
|
Viewing report
|
|
|
|
Bulletin: PT Chandra Asri Petrochemical Tbk. Rating Not Immediately Affected By Proposed Rights Issue And Investment Plans May 11
Standard & Poors, May 2011
Abstract
SINGAPORE (Standard & Poor's) May 20, 2011--Standard & Poor's Ratings Services said today that its rating on PT Chandra Asri Petrochemical Tbk. (B+/Stable/--) is not immediately affected by the company's proposed rights issue and investment plans. We expect to get more clarity on the company's funding plans for its proposed substantial investments in the next two to three months. We will then assess the impact of the rights issue as well as potentially additional debt on the company's financial risk profile. The proposed rights issue is still subject to market, regulatory, and shareholder approvals. Most of the proceeds will be used for the company's investment plans. PT Chandra is proposing to increase production capacity of its naphtha cracker and polyethylene...
Companies mentioned in this report are: PT Chandra Asri Petrochemical Tbk.
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
