Hanson International Rated at BBB and Bank Sinarmas at A

On the rating front, Pemeringkat Efek Indonesia (Pefindo) has assigned BBB/Stable on PT Hanson International Tbk (MYRX:IJ) driven by elevated financial leverage level, weak cash flow protection and execution project and concentrated risk. However the company has sizeable and strategically located land bank area for future development which could generate decent profitability margin. Elsewhere, Fitch rating has assigned A(idn)/Stable on Bank Sinarmas which reflects high loan growth amidst economic slowdown. The company’s loan grew by 37%yoy at the end of Sept 2015, higher than the average industry of 11% in the same period. The bank asset quality remains manageable at 2.3% at 3Q2015, slightly below industry average of 2.7%. However, it might increase in 2016 as the special mention loan grew by 14.5% in 9M2015  from 10.9% last year.

Aneka Tambang Rating Downgraded to idBBB+ from idA-

TBIG’s Rating Downgraded to Ba3 Whilst Parent Rating SRTG Lowered to BBB+

Bank Mandiri’s Strategy Improving its Credit Quality

Fitch Affirms Indonesia Ratings at BBB-/Stable

Maintain Rupiah Fundamentally