Sri Rejeki Isman (P.T.): Update to credit analysis following upgrade to Ba3
Our credit view of Sritex, reflecting its solid EBITDA margins, manageable leverage profile and increased scale and diversification.PT Sri Rejeki Isman Tbk is an Indonesia-based company primarily engaged in integrated textile and garment industry. Its business activities are spinning, weaving, greige dyeing, bleaching and printing as well as garment manufacturing. Its products include yarn, comprising rayon, cotton and polyester yarn; greige; finished fabric, and garments. Its manufacturing plants are located in Sukoharjo and Semarang, Indonesia.
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