Moody’s downgrades Sritex on refi risk

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Moody’s downgrades Sritex on refi risk

Pan Yue
March 23, 2021 08:30 am
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JAKARTA - Indonesia. March 12, 2018: Aerial photo of iconic BNI 46 Tower with located in South Jakarta Central Business District, | Creativa Images - stock.adobe.com

Moody’s downgraded Indonesian textile manufacturer Sri Rejeki Isman (Sritex) by two notches on Monday, as the company faces rising refinancing pressure.

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Pan Yue
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