PEFINDO has affirmed idA rating for PT Lautan Luas Tbk (LTLS) and its Shelf Registered Bond III. The outlook for corporate rating is revised to positive from stable. The outlook revision reflects LTLS’s continuous deleveraging effort in the medium term, underpinned by further macroeconomic improvement, as well as LTLS’s good operating management in managing its profitability and working capital, which led to stronger cash flow generation.
