Moody's assigns first-time B3 ratings to Toba Bara
Moody's Investors Service has assigned a B3 corporate family rating (CFR) to Toba Bara Sejahtra Tbk (P.T.). At the same time, Moody's has assigned a B3 rating to the proposed senior secured bond issued by Toba Bara. The outlook on all ratings is stable. Toba Bara will use t...PT Toba Bara Sejahtra Tbk is an Indonesia-based Company engaged in coal mining and palm oil plantation. The Company's business operations are divided into two segments: coal mining and plantation. The Company and its subsidiaries operate coal mining and palm oil plantation in Kalimantan, Indonesia. Though PT Adimitra Baratama Nusantara and PT Trisensa Mineral Utama, the Company operates coal mining with production operation mining permit in mining area in Sanga-sanga, Loa Janan, and Muara Jawa sub-districts, Kutai Kartanegara regency, East Kalimantan province. For plantation, the Company, thorough PT Perkebunan Kaltim Utama I, operates palm oil plantation and palm oil mill in East Kalimantan.
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