S&P revises Japfa Comfeed outlook to negative

Singapore

STANDARD & Poor's Ratings Services (S&P) on Wednesday revised the rating outlook on Indonesia-based poultry feed and commercial farming company PT Japfa Comfeed Indonesia Tbk to negative from stable.

Japfa Comfeed is a listed Indonesian subsidiary of Japfa Ltd. The latter was listed on Singapore Exchange in August this year.

In a press release, the rating agency said: "At the same time, we affirmed our 'BB-' long-term corporate credit rating on Japfa (Comfeed) and our 'BB-' rating on the senior unsecured notes issued by Comfeed …