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Article: BAHTERA BONDS' RATING DOWNGRADED.
- Article from:
- ANT - LKBN ANTARA (Indonesia)
- Article date:
- May 29, 2004
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Jakarta, May 28 (ANTARA) - PT Kasnic Credit Rating Indonesia (KCRI) has downgraded the rating of publicly-listed PT Bahtera Adimina Samudra Tbk's bonds worth Rp100 billion to BBB- with negative outlook from BBB. In a press release issued on Friday, KCRI said PT Bahtera had its bond rating downgraded following a drop in its net operating profit and an increase in its operating expenses last year. The release said the drop was also caused by the ...