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Article: INDONESIAN RATINGS AGENCY PEFINDO REAFFIRMS FOR INDO KORDSA TBK.
- Article from:
- AsiaPulse News
- Article date:
- January 9, 2008
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JAKARTA, Jan 9 Asia Pulse - Indonesia's credit rating agency Pefindo said on Tuesday it has reaffirmed its "idA-" ratings with a stable outlook for publicly-listed PT Indo Kordsa Tbk (BRAM) and the company's bond I/2004 of Rp275 billion (US$29.15 million) due in 2009.
Based on the company's financial report as per September 30, 2007, the circulated bond I/2004 as per September was only Rp232 billion, because the company had bought back parts of its bond, Pefindo said in a statement here on Tuesday.
The ratings reflected the company's relatively strong market position, conservative leverage and strong cash flow protection.
However, the ratings ...