Try Polyta gets BB rating<\/p>\n
JAKARTA (JP): Standard & Poor's assigned a BB minus long-term
\nrating yesterday to the US$175 million guaranteed secured notes,
\nexpiring in 2003, to be issued by Try Polyta Finance B.V., a
\nwholly-owned subsidiary of the guarantor PT Tri Polyta Indonesia.<\/p>\n
It also gave a BB minus corporate-credit rating to PT Try
\nPolita Indonesia.<\/p>\n
\"The rating on Try Polyta Indonesia reflects its position as
\nthe largest domestic producer of polypropylene resins in
\nIndonesia and its efficient production facility situated in the
\nhigh-growth domestic and Southeast Asian markets,\" Standard &
\nPoor's said.<\/p>\n
Tri Polyta Indonesia, owned by Prajogo Pangestu, Bambang
\nTrihatmodjo and others, is listed on the National Association of
\nSecurity Dealers Automated Quotations' (NASDAQ), New York Stock
\nExchange and Jakarta Stock Exchange.<\/p>\n
With an annual production capacity of 360,000 metric tons, the
\ncompany controls 50 percent of Indonesian polypropylene market,
\nStandard and Poor's said. (jsk)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/try-polyta-gets-bb-rating-1447893297",
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"sponsor": "Okusi Associates",
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