TEXT-S&P: No rating impact on Gajah Tunggal


(The following statement was released by the rating agency) Oct 06- Standard & Poor's Ratings Services said today that its rating on PT Gajah Tunggal Tbk . (B/Stable/--) is unaffected by the downgrade of related-party GITI Tire Pte. Ltd. earlier today. We do not expect liquidity pressure at GITI to affect our assessment of Gajah Tunggal's liquidity. Further, we do not anticipate that Gajah Tunggal will distribute exceptional dividends to its shareholders. Our liquidity assessment for ...

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