PT Aneka Tambang Tbk (ANTM) announced an increase in S&P Global's corporate credit rating in 2021 from 'B' / stable outlook to 'B +' / stable outlook.

The rating increase is in line with the growth in the production and sales performance of the main commodities and the sustainability of the company's downstream development, reflected in the company's solid financial performance growth.

"Antam always evaluates all current and future opportunities, in line with Antam's efforts to continue to grow and provide positive returns to shareholders," said Antam's Corporate Secretary, Yulan Kustiyan, in a press release on Tuesday ( 18/5).

The outlook for the growth in production and sales of nickel ore in the domestic market and Antam's ability to manage corporate liquidity supported the upgrade in the company rating.

In the first quarter of this year, Antam recorded significant growth in EBITDA from