Article: INDONESIAN PROPERTY DEVELOPER BAKRIELAND GETS "BBB+" RATING.

JAKARTA, Feb 16 Asia Pulse - Indonesian credit rating agency Pefindo affirmed its "BBB+" ratings for publicly listed property company PT Bakrieland Development Tbk. (ELTY) (JSX:ELTY) and its bond I/2008 worth RP500 billion (US$42.5 million), saying they had a stable outlook.

The ratings reflected a strong business position of the company, one of the largest national property developers, the company's adequate asset quality, and quite conservative capital structure, Vonny Widjaja, a Pefindo analyst, said Monday.

However, the ratings were constrained ...

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