Antam gets idAA level from rating agency

Diversified mining firm PT Aneka Tambang Tbk (Antam) has secured idAA level from Indonesia securities rating agency (Pefindo), which shows that the company is currently in a strong financial position, according to Koran Tempo daily.

Pefindo said that, with the idAA rating level, Antam is seen as a company having the high ability to pay its long-term debts and having large reserves of metal. It also shows that Antam?s operational costs are low.

Antam is majority owned by the government, and is listed on the Jakarta Stock Exchange and Australian bourse. (*)