Moody's assigns first-time B2 rating to Sentul City; outlook stable
Moody's Investors Service has assigned a first-time B2 corporate family rating (CFR) to Sentul City Tbk (P.T.). The outlook on the rating is stable. RATINGS RATIONALE "Sentul City's B2 CFR reflects its ownership of a large and low-cost land bank at its Sentul City town...PT Sentul City Tbk is an Indonesia-based property development and management company. The Company's business activities comprise development, which includes planning, implementation, construction and facilities and general contractor of residential projects, apartments, buildings, offices, shopping areas (malls and plazas), hospitals, conference halls, houses of worship, water parks, schools and other commercial buildings in general; trade relating to real estate and property, which is sale and purchase of houses, office buildings and space, indoor shopping malls and others, and services such as leasing and property management services, park management and security guard services.
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