Fitch corrects: Aneka Gas view revised to positive

Fitch Ratings Indonesia said it revised the outlook on PT Aneka Gas Industri Tbk.'s national long-term rating to positive from stable and affirmed the rating at A-(idn).

At the same time, Fitch said it affirmed Aneka Gas' outstanding bond and sukuk program and its outstanding bond and sukuk issuances.

“The revision in the outlook reflects our expectation that Aneka Gas' leverage will improve to below 3.0x by 2023, which is under the level at which Fitch would consider positive rating action,” the agency said in a news release.

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