PEFINDO affirms idA+ rating for PT Bukit Makmur Mandiri Utama (BOLD) and Bonds I and II issued.The outlook on the Company's rating is stable."The rating period is valid from 27 December 27 – 01 December 2025," said PEFINDO in a release on Thursday (02/01/2025).It was further stated that the rating reflects BOLD's strong business position, strong operating performance, and strong financial flexibility.The ratings are constrained by the Company's moderate capital structure and exposure to commodity price fluctuations and environmental risks.The rating could be raised if BOLD is able to increase its business scale by significantly diversifying its business while improving its capital structure on an ongoing basis.However, the rating may be lowered if the Company obtains loans from third parties in an amount significantly exceeding projections without being compensated by an increase in revenue and EBITDA which could have an impact on the decline in BOLD's financial profile.A significant decline in production volumes from key customers could also trigger a rating downgrade.BOLD is a coal mining contractor that provides stripping, coal extraction, and coal transportation services, and is the owner of ultrahigh grade anthracite mines.The company currently operates eight mines in Indonesia, seven mines in Australia, and has interests in four anthracite mining areas in the United States.As of September 30, 2024, the Company's shareholders are PT Delta Dunia Makmur Tbk (IDX: DOID) (99.99%) and Ronald Sutardja (0.01%).
Source https://djakarta-miningclub.com