Moody's could up Alam Sutera

Moody's Investors Service said it placed PT Alam Sutera Realty Tbk.'s B2 corporate family and senior unsecured rating under review for upgrade.

Moody's said the review follows better-than-expected financial and operational performance throughout 2012, as evidenced by strong quarterly marketing sales and financial results, leading to lower leverage and improved credit metrics.

"Alam Sutera has consistently outperformed our expectations throughout 2012 and its credit metrics now reflect a profile that could support a one notch higher rating," Moody's analyst Jacintha Poh said in a news release.

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