Pefindo: AKRA?s rating assigned at ?idAA-?

(15 October 2012) -- PEFINDO assigned its ?idAA-? rating for PT AKR Corporindo Tbk. (AKRA or the Company). Outlook of the rating is ?Stable?. The rating reflects the stable demand of fuel in Indonesia, the Company?s strong volume growth of fuel business, and extensive logistic infrastructure network.

However, the rating is constrained by the risks related to the Company?s new projects which could result in less conservative capital structure in the near future, and exposure to price volatility.

The Company has the main business in the trading and distribution of fuel and basic chemical in Indonesia and through its subsidiaries is also engaged in logistic, manufacturing, and coal mining businesses.

In addition to its business in Indonesia, the Company has expanded its business to China by acquiring controlling stakes in a sorbitol manufacturing company and container and bulk commodity river ports in southern China. As of June 30, 2012, the Company? shareholders consisted of PT Arthakencana Rayatama (59.2%), management (0.57%), and public (each below 5% ownership, 40.2%). (ends)