Moody's may raise Sampoerna's rating

Moody's may raise Sampoerna's rating

SINGAPORE: PT H.M. Sampoerna, Indonesia's second largest
publicly traded cigarette maker, may have its foreign currency
debt rating raised from B2, Moody's Investors Service said.

"This rating review is prompted by Sampoerna's improving
credit profiles, based on its leading position in Indonesia's
premium clove cigarette market; its solid financial profile and
free cash flow generating ability; and declining level of
foreign-exchange exposures," Moody's said in a statement. -- Bloomberg