Indonesian Coal Miners'' Earnings Outlook Improving in 2021
#0183;#32;Most Indonesian coal miners have also curtailed mining costs in 2020, which is likely to flow through to 2021 helping earnings. Fitch expects sector credit metrics to improve. However, the Negative Outlooks on PT Indika Energy Tbk (BB), PT Bukit Makmur Mandiri Utama (BB) and PT ABM Investment Tbk (B+) reflect limited ratings headroom on industry dynamics weaker than Fitch''s