Perusahaan Gas Negara (P.T.): Update following rating affirmation, outlook remains stable
Our credit view of this issuer reflects its dominant market position and high likelihood of government support, against its limited pricing power.PT Perusahaan Gas Negara Persaro Tbk is engaged in the distribution and transmission of natural gas to industrial, commercial and household users. As of Dec 31 2014, Co. operated within four segments: gas distribution, which is mainly involved in gas distribution purchased from gas suppliers and then supplies to industrial, commercial and household users; gas transmission, which is mainly involved in gas transmission for customers; exploration of oil and gas, which is involved in exploration, exploitation and business development in oil and gas; and other operations, which provides fiber optic rental for network services and construction and maintainance services to the customers.
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