Another Downgrade for Trikomsel’s Rating

On rating front, PT Trikomsel Oke, Tbk (TRIO:IJ) suffered another downgrade from Pemeringkat Efek Indonesia (Pefindo) as its rating was slashed to ‘idCCC’ from ‘idBB+’ given its inability to service financial obligations. The downgrade is based on Trikomsel announcement after its meeting with SGD bondholder. Trikomsel stated that is unlikely to be in a position to service its debt and repay the maturing debt in the near term. Pefindo still leaves the ratings on Credit Watch with negative implication and the rating could be lowered further to ‘idSD’ or ‘idD’ if Trikomsel defaults on any of their debts.

Rating Upgrade for Japfa; Another Downgrade for Gajah Tunggal

One Upgrade; One Downgrade

Aneka Tambang Rating Downgraded to idBBB+ from idA-

The Government Assumes the Rupiah at the Level of 15,000 in 2019 State Budget

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