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Fitch Ratings Indonesia Affirms Samator Indo Gas 'A(idn)' Rating, Outlook Stable; Shares Down 4%

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Fitch Ratings Indonesia has affirmed its 'A(idn)' for Samator Indo Gas' National Long-Term Rating, with a stable outlook, according to a Thursday statement.

The company's shares were down nearly 4% in Friday's trade.

Fitch has also affirmed the industrial and medical gas products and services company's outstanding bonds and sukuk at 'A(idn)'.

The ratings agency's decision on the expectation that the company's EBITDA net leverage will return to 3.5x in 2026 and continue to decline in the following years, after temporarily exceeding this level in 2024-2025.

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