TPIA – Pefindo reaffirms idAA- rating

TPIA – Pefindo reaffirms idAA- rating Pemeringkat Efek Indonesia (Pefindo) has reaffirmed the idAA- rating for Chandra Asri Pacific (TPIA)'s Obligasi Berkelanjutan II Tahap III Tahun 2020. PT Chandra Asri Pacific Tbk's Series I Phase III Bonds worth IDR750 bn will mature on February 12, 2025. In a release on Friday, Pefindo stated that TPIA plans to fully repay the maturing bonds using internal funds. As of September 30, 2024, TPIA had a liquidity pool valued at USD2.03 bn, consisting of cash and cash equivalents of USD1.2 bn, and securities worth USD830.8 mn. The company provides olefins, polyolefins, styrene monomer, butadiene, methyl-tertiary-butyl-ether (MTBE), and butene-1. The company owns the only naphtha cracker, styrene monomer, butadiene, MTBE, and butene-1 production facilities in the country. (Source : Emiten News)