Search result for: "Pemeringkat Efek Indonesia"

Indonesia primary market is starting to get busy this week after seeing quiet week last month. The new bonds being offered at the moment coming from diversified sector with indicative prices seen getting lower compared to the last month issuance. Meanwhile, some companies also have announced their plans this week to get the bonds out.

After downgrading Waskita Karya (Persero) Tbk (WSKT:IJ) rating to ‘idA-‘, Pemeringkat Efek Indonesia (Pefindo) now has downgraded another state owned construction company. Rating of Adhi Karya (Persero) Tbk (ADHI:IJ) and its outstanding shelf registered bond as well as shelf registered sukuk mudharabah was downgraded to ‘idA-‘ from ‘idA’ by Pefindo. Though the outlook for Adhi.

There were there corporate downgraded by Pemeringkat Efek Indonesia (Pefindo) last week. Buana Finance (BFIN:IJ) was downgraded to idBBB+/Stable from ‘idA-/Negative mainly driven by ongoing pressure on its financing lease business that resulted in weakening market position due to lower new booking since FY2014. The declining asset quality and lack of affiliation also weigh down.

On rating front, Pemeringkat Efek Indonesia (Pefindo) has downgraded the outlook on two domestic banks namely Bank DKI and Bank Muamalat to Negative from stable. The downgrades were driven by the probability of further deterioration of their asset quality due to increasing trend of NPL and SML. Bank DKI’s NPL ratio spiked to 7.3% in.

On the rating front, Pemeringkat Efek Indonesia (Pefindo) downgraded another company last week. Pefindo lowered Trikomsel Oke, Tbk (TRIO:IJ) rating to idBBB (from idBBB+) though the outlook was revised to stable from negative. Its convertible bond’s rating was also slashed to idBBB from idBBB-. The downgrade was driven by its weakening capital structure and cash.

Oil and gas issuer owned by national entrepreneur Arifin Panigoro, PT Medco Energi Internasional Tbk (MEDC), plans to issue corporate bonds with a principal amount of phase I offered at a maximum of Rp 1 trillion. Medco Energi Internasional Phase I 2021 Shelf-Registered Bonds IV is a series of the company’s Shelf-Registered Public Offerings (PUB).

PPRO Cleanliness Health Safety and Environmental. PT PP Properti Tbk (PPRO) received a rating from PT Pemeringkat Efek Indonesia (Pefindo). With an idBBB- rating for the company and its Bond I Year 2016. Pefindo also gave an idBBB- rating for Sustainable Bonds II Year 2020. Worth a maximum of Rp 2.4.

Pefindo Cut Lontar Papyrus Pulp Ratings. PT Pemeringkat Efek Indonesia (Pefindo) cut the credit ratings of 5 companies in the third quarter of 2020. Pefindo’s Head of Corporate Rating Division, Niken Indriarsih. She said that during the July – September 2020 period. Pefindo’s Corporate Ratings Division issue 67 rating publications for around 50.

SMAR Established Brasil Sociedade Limitada. The parent company of PT Sinar Mas Agro Resources & Technology Tbk. (SMAR). Golden Agri-Resources Ltd established a new subsidiary in Brazil named Golden Agri-Resources Brasil Sociedade Limitada Unipessoal. Head of Global Vegetable Oil & Oilseeds Golden-Agri Resources Paul.

Bond Default in 3Q20. The Covid-19 pandemic, which has not yet subside. It has increasingly disrupt business and corporate financial flows. In the third quarter of 2020, PT Pemeringkat Efek Indonesia (Pefindo) record three companies. Some of which had experience defaults and were at risk of.