Indosat's debt rating kept at BB-

Indosat's debt rating kept at BB-

JAKARTA: PT Indosat, Indonesia's second-largest telephone
network operator, had its foreign currency debt rating maintained
at BB- by Standard & Poor's.

"The rating affirmation reflects Indosat's continued solid
market position in a rapidly growing cellular market, its
moderate leverage, and adequate cash flow protection," S&P said
in a statement on Monday. The rating is three levels below
investment grade. The outlook was stable, S&P said.

Indosat is 42 percent owned by Singapore Technologies
Telemedia Pte. -- Bloomberg