Pefindo assigned ?idA? rating for Sumberdaya Sewatama

(15 October 2012) -- PEFINDO assigned its ?idA? rating for PT Sumberdaya Sewatama (SSMM or the Company) with a ?stable? outlook. The rating reflects SSMM?s strong market position with relatively stable revenue stream, its business synergy with the Group, and above average cash flow protection.

The rating is constrained by its high dependency on a single buyer and uncertain growth potential of temporary power rental.

SSMM?s businesses are classified into temporary power rental, operation and maintenance, and water management (pillar) services. SSMM is 99.9% owned by PT ABM Investama Tbk., a non-operating holding company with business interest in coal mining, contract mining and engineering services, integrated logistics, and power business.

SSMM is also a part of Tiara Marga Trakindo Group, which owns PT Trakindo Utama, Indonesia?s sole distributor of Caterpillar heavy equipment. (ends)