CMNP rating outlook

CMNP rating outlook

JAKARTA (JP): The country's only rating agency PT Pemeringkat
Efek Indonesia (PT Pefindo) has given a positive outlook on the
progress of ringroad tollway project of the private toll operator
PT Citra Marga Nusaphala Persada (CMNP) in eastern part of
Surabaya, East Java.

The rating agency also said that the company's plan to issue
rights shares was also positive.

The statement said that the agency's positive outlook was
reflected in firm's bond II rating triple B plus (BBB+).

Such good developments would strengthen CMNP's performance
through improving capitalization, the agency said. (09)