We equalize the rating on PT Delta Merlin Dunia Textile (DMDT) with our view of the creditworthiness of Duniatex Group, reflecting the company's core subsidiary status. We assess DMDT's stand-alone credit profile as 'bb'. Duniatex Group's higher leverage than DMDT's and its high level of short-term working capital debt constrains its credit profile. Its strong operating performance and stable track record provides some support. We have assigned our 'BB-' long-term issuer credit rating to DMDT. We also assigned our 'BB-' long-term issue rating to the Indonesia-based textile weaving company's US$300 million senior unsecured notes. The stable outlook on DMDT reflects our expectation that Duniatex Group will maintain its market position in Indonesia's textile industry over the next 12 months. SINGAPORE (S&P Global Ratings) March 13, 2019--S&P Global Ratings today assigned its 'BB-' long-term issuer credit rati
