TEXT-S&PBulletin: Gajah Tunggal Ratings Unaffected By 3Q Results


(The following was released by the rating agency) Nov. 1 - Standard & Poor's Ratings Services said today that its rating on PT Gajah Tunggal Tbk. (B/Stable/--) is unaffected by the company's third-quarter results. The company's EBITDA of about Indonesian rupiah (IDR) 1,000 billion and EBITDA margin of about 11.5% for the nine months ended Sept. 30, 2011, were slightly stronger than our 10% EBITDA margin base-case expectation for the full year. We still project the ratio of debt to ...

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