April 13, 2012 / 11:36 AM / in 6 years

TEXT-S&P summary: PT Astra International Tbk.

(The following statement was released by the rating agency)

Apr 13 -

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Summary analysis -- PT Astra International Tbk. ------------------- 13-Apr-2012

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CREDIT RATING: BBB-/Stable/-- Country: Indonesia

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Credit Rating History:

Local currency Foreign currency

11-May-2011 BBB-/-- BBB-/--

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Rationale

The rating on PT Astra International Tbk. reflects the company’s ‘bb+’ stand-alone credit profile (SACP) and a one-notch uplift because of expected support from its parent, Jardine Strategic Holdings Ltd. (Jardine Group: A-/Stable/--; cnAA/--). The rating also reflects our view that the company has a “fair” business risk profile and “modest” financial risk profile.

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