The creditors have a plan

Article Abstract:

The Indonesian Bank Restructuring Agency and other creditors of Asia Pulp & Paper Co. (APP) are pushing the company to restructure itself. The goal of the restructuring is to make the company's management activities more transparent, and to recover $13.9 billion the company owes its creditors. However, the company is resisting. APP is the holding company for the pulp and paper assets of Sinar Mas Group.

Financial management, Management dynamics, Paper Industry Machinery Manufacturing, Paper industries machinery, Paper Industry Machinery, Management, Finance, Machinery industry, Company business management, Company financing, Paper machines

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APP and its operating units are downgraded by S&P, Moody's

Article Abstract:

Asia Pulp and Paper Co. (ABB) has been downgraded by Moody's and S&P after the firm failed to pay two important interest payments worth US43 million (46 million euros). APP's credit rating was lowered from triple-C-plus to triple-C-minus by S&P, while Moody's lowered it to Caa3 from B3.

Financial analysis, PAPER AND ALLIED PRODUCTS, Paper & Allied Products, Paper Manufacturing, Evaluation, Standard & Poor's Corp., Moody's Investor Service

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