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)