July 16, 2012 / 9:43 AM / 5 years ago

TEXT-S&P summary: PT Cikarang Listrindo

(The following statement was released by the rating agency)

July 16 -

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Summary analysis -- PT Cikarang Listrindo ------------------------- 16-Jul-2012

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CREDIT RATING: BB-/Stable/-- Country: Indonesia

Primary SIC: Electric Services

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Credit Rating History:

Local currency Foreign currency

13-Jan-2010 BB-/-- BB-/--

17-Oct-2008 NR/-- NR/--

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Rationale

The rating on Indonesian power utility PT Cikarang Listrindo reflects our view of the company’s aggressive capital expenditure plans, weak capital structure, and its exposure to single-site concentration and counterparty risks. Cikarang’s diverse customer base, stable operations, and regulatory protection offset these weaknesses.

Our Standards:The Thomson Reuters Trust Principles.
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