Moody's ups Antam view to positive

Moody's Investors Service said it changed the outlook for PT Aneka Tambang (Persero) Tbk's (Antam) local currency B1 corporate family rating to positive from stable.

The B2 foreign currency bond rating remains unchanged with a positive outlook, which is in line with the positive outlook for Indonesia's sovereign rating, the agency said.

The outlook change is prompted by the Moody's view that expected production growth at Antam's FeNi III facility is likely to benefit the company's operational profile and increase its cash flow contribution.

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