The Indonesian Defense Sector - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2015
- Published: July 2010
- Region: Indonesia
Aggressive capital expenditure plan, Aggressive financial risk profile, and Product and customer concentration. Dominant position in the Indonesia dry bulk market, Favorable demand and regulatory conditions, and High predictability of revenues. The 'B+' corporate credit rating on PT Arpeni Pratama Ocean Line Tbk. (Arpeni) reflects its aggressive capital expenditures and financial risk profile, as well as its product and customer concentration. However, the rating is supported by Arpeni's dominance in the domestic dry bulk market, favorable demand and regulatory conditions, high predictability of revenues, and some ability to pass on incremental bunker costs to end users. Arpeni ships coal for private and government-owned companies within Indonesia. For the quarter ended March 2008, its revenues increased 61% over the same period...
Companies mentioned in this report are: PT Arpeni Pratama Ocean Line Tbk.
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: Full Analysis
SHOW LESS READ MORE >
PT Arpeni Pratama Ocean Line Tbk.