JAKARTA - PT Pemeringkat Efek Indonesia (Pefindo) affirmed its "idAA" rating for PT Mayora Indah Tbk (MYOR) and the company's Shelf Registration Bonds I / 2017-2018.
In its report, Pefindo also affirmed Mayora’s corporate rating at a stable level. This rating will take effect from November 12, 2019 to November 1, 2020
The rating given by Pefindo reflects Mayora's strong position in the domestic packaged food market, diversified products, high contribution from the international market and strong financial profile.
However, the rating can be raised if MYOR is able to strengthen its position in the domestic and international markets amid tight competition while maintaining a conservative financial profile and stable profitability margins. (LM)