Report
EUR 159.06 For Business Accounts Only

Moody's places Gajah Tunggal's ratings on review for upgrade on refinancing plan

Rating Action: Moody's places Gajah Tunggal's ratings on review for upgrade on refinancing plan. Global Credit Research- 31 Jul 2017. Singapore, July 31, 2017-- Moody's Investors Service has placed the Caa1 corporate family rating of Gajah Tunggal Tbk and the Caa1 rating on its $500 million senior secured notes due February 2018 on review for upgrade following the announcement of Gajah Tunggal's refinancing plans.
Underlying
PT Gajah Tunggal Tbk

PT Gajah Tunggal Tbk is principally engaged in the businesses that include the development, manufacturing and sale of radial tires, bias tires, motorcycle tires, inner tubes, flaps and rim tape, Co. also manufactures and sells tire cords and synthetic and processed rubber, which are key components used in the manufacturing of tires. In the passenger car tire segment, its products include GT RADIAL CHAMPIRO Eco, CHAMPIRO HPY and SAVERO A/T. In the motorcycle tire segment, Co. has introduced IRC Tire FASTI, ZENEOS TURINO and SCOOTZ. Moreover, Co. has launched GT MAX TRACTION and GT RADIAL GAZ 890, 891 in the commercial vehicle tire segment.

Provider
Moody's Investors Service
Moody's Investors Service

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