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