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Moody's withdraws Toba Bara's B3 rating

Rating Action: Moody's withdraws Toba Bara's B3 rating. Global Credit Research- 09 Jan 2019. Singapore, January 09, 2019-- Moody's Investors Service has today withdrawn Toba Bara Sejahtra Tbk' s B3 corporate family rating and the stable outlook on the rating.

Toba Bara Sejahtra Tbk PT: Update following postponement of bond issua...

Our credit view of Toba Bara, reflecting its stable operating performance and elevated execution risk from its power projects and planned acquisitions, despite its postponed bond issuance.

Toba Bara Sejahtra Tbk (P.T.): Long term investment plans to remain un...

While the postponed bond reduces funds available for investments, we expect Toba Bara to remain acquisitive and fund its growth plants with incremental debt and equity.

Toba Bara Sejahtra Tbk (P.T.): Covenant Quality Pre-Sale Snapshot: US$...

Overall, PT Toba Bara Sejahtra Tbk's covenant package provides lower-tier good protection (2.56).

Toba Bara Sejahtra Tbk PT: New Issuer

Our credit view of Toba Bara, reflecting its stable operating performance and elevated execution risks that stem from planned acquisitions and greenfield power projects.

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...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...

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