February 21, 2025 06:36 GMT
EM ASIA CREDIT: PT Cikarang Listrindo (CIKLIS, Ba1/BB+/NR) to IG with S&P
EM ASIA CREDIT
PT Cikarang Listrindo (CIKLIS, Ba1/BB+/NR)
"*S&P: CIKARANG LISTRINDO PT . RATING BBB- ; OUTLOOK STABLE" - BBG
S&P have upgraded Cikarang Listrindo to investment grade, with only Moody's left (Ba1 positive outlook) to upgrade for IG index inclusions. Positive for spreads.
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