| PEFINDO affirmed the ratings of PT Adhi Karya (Persero) Tbk (ADHI)’s registered bonds phase I/2012 and phase II/2013 at "idA" and shelf-registered Sukuk Mudharabah phase I/2012 and phase II/2013 at "idA(sy)"; the outlook for the corporate rating is "stable".
The ratings reflect strong cash flow protection measures, the company's strong market position in the domestic construction business and benefits of being a state-owned construction company...............................................Full Article: Source
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