BNTT’s Rating Raised One Notch; BVIC’s Outlook Lowered to Negative

On the rating front, Pemeringkat Efek Indonnesia (Pefindo) has upgrade the rating on BPD East Nusa Tenggara (BNTT) by one notch to idA/Stable fromA-Stable, driven by improved capitalization, better profitability and strong position in the captive market. Risk lies on the bank’s limited access to third party fund and pressure on asset quality. On other hand, the outlook on Bank Capital (BVIC:IJ) was revised down to negative from stable due to weakening asset quality as shown by higher NPL and special mention loan. However, BVIC’s rating remains at A- reflecting its strong liquidity and capital position.

KRAS Supply Steel to Jakarta-Cikampek II Toll Roads

Inti Bangun Rating at Level A- from Pefindo

Aneka Tambang Rating Downgraded to idBBB+ from idA-

The Increase of Non-Subsidies Fuel Price is Positive Sentiment to Rupiah

The Government Evaluates Foreign Ownership in Government Securities