Fitch affirms Aneka Gas

Fitch Ratings said it affirmed PT Aneka Gas Industri's national long-term rating at BBB(idn), along with the BBB(idn) rating on its Rp 80 billion bond I and Rp 160 billion Islamic bond I, both due in July 2013.

The outlook is stable.

The ratings reflect the company's established operational track record and extensive network throughout Indonesia, which allow it to maintain dominant market share in the consolidated domestic market for industrial and medical gases, Fitch said.

The ratings also continue to factor in its diversified customer base from many industrial segments, with contracted sales accounting for about 37% of revenue in 2009, the agency said.

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