Indonesia Sinar Mas Multifinance Assigned at A- (idn) by Fitch

Fitch Ratings Indonesia has assigned A- (idn) on PT Sinar Mas Multifinance (SMMF) for its National Long-Term Rating. The Outlook is Stable.  Its outstanding IDR500bn unsecured bond maturing on 10 April 2018 was also assigned at ‘A-(idn). The ratings indicate its synergies with its shareholder Sinar Mas Multiartha Tbk (SMMA:IJ), due  to small portion of Sinar Mas Multiartha’s business flow. SMMF accounted for about 5% of SMMA’s total assets at end-1H15. In addition, the company’s NPL ratio recorded at a high 3.8% as  of 1H15.

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-

Indonesia-Australia Arranged for Currency Swap Agreement Worth IDR100Trn

Bond Market Mixed amidst Bank Indonesia Meeting