Menu
idnstocks

MNC Investama on Negative Outlook

By administrator | November 21, 2016 | Trade Services.

Moody’s has confirmed the Caa1 rating of MNC Investama, Tbk (BHIT IJ) while its outlook was revised down to negative, underpinned by persistent level of refinancing risk present throughout the BHIT group over the next 18 months. As of 30 September, BHIT’s short-term and other current debt totaled IDR8.3trn, or around IDR 6.0trn pro forma for Sky Vision’s refinancing. Most of the maturities are at the operating subsidiary level, including a $250 million bank loan maturing at MNC and an IDR999 billion bond payable at BMTR. The upcoming debt maturities throughout the BHIT group are still weighing on the company’s ratings. Further ratings pressure could emerge should BHIT’s operating subsidiaries fail to pay the principal or interest on their maturing loans.

One Downgrade, One Negative Outlook

Eximbank on Positive Outlook; PPRO Outlook Revised to Negative

Medco Energi Outlook Remains Negative; Asuransi Sinar Mas on Stable Outlook

Indonesia Government Sets IDR97.3Trn for 1Q2016 Auction Target

Indonesia Inflation Update to Keep Bond Market Steady

Translate »
Copy Protected by Chetan's WP-Copyprotect.