Fitch: Aneka Gas to positive

Fitch Ratings said it revised PT Aneka Gas Industri's outlook to positive from stable.

The agency also said it affirmed its national long-term rating and its Rp 80 billion bond I and Rp 160 billion Islamic bond I, both due in July 2013, at BBB(idn).

The positive outlook reflects the company's improving scale, continued strong demand for industrial and medical gas in Indonesia and its ongoing capacity expansion, Fitch said.

The ratings consider its strong market position with an about 20% share of Indonesia's industrial and medical gas market and its large retail network, the agency said.

The rating also takes into account the company's low customer concentration and the diverse industries of its customers, Fitch added.

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