The Indonesian Defense Sector - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2015
- Published: July 2010
Exposure to volatile hydrocarbon prices Large investment requirements Aggressive financial policy Favorable location and cost structure Good growth potential in development and exploration blocks Some insulation from currency instability and sovereign-debt risk The ratings on PT Medco Energi Internasional Tbk. (Medco) reflect the company's exposure to volatile hydrocarbon prices, its large investment requirements, and its aggressive financial policy that relies on debt to fund growth. Medco's favorable location and cost structure, the good growth potential in its development and exploration blocks, and the company's partial insulation from currency instability and sovereign-debt risk temper these weaknesses. We expect Medco's aggressive financial risk profile to weaken in 2012 due to the company's substantial estimated capital expenditure in the year. Medco's major development...
Companies mentioned in this report are: PT Medco Energi Internasional 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
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PT Medco Energi Internasional Tbk.
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