Moody's upgrades MNC Investama's Corporate Family Rating to B3; outlook negative
Moody's Investors Service has upgraded the Corporate Family Rating (CFR) of MNC Investama Tbk. (P.T.) (BHIT) to B3 from Caa3. At the same time, Moody's has assigned a definitive Caa1 rating to BHIT's USD231 million 9% senior secured notes due 11 May 2021. The outlook is negative. The rat...PT MNC Investama Tbk is an investment company. Co.'s lines of business include Media, Financial Services, Energy and Natural Resources, and Portfolio Investment. Co.'s media service are grouped into three segments, which comprised of Content-Based and Advertising Media, Customer-Based Media and Supporting and Infrastructure Media. Co.'s financial services are operated by its subsidiary, PT MNC Securities (MNC Securities), which engaged in brokerage services and securities trading. Co.'s energy and natural resources business explores opportunities for new business development in energy and natural resources, particularly coal, oil and gas mining.
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