Search result for: "stable outlook"

On the rating action front, Pemeringkat Efek Indonesia (Pefindo) has lowered Duta Anggada Realty, Tbk (DART IJ) rating to idBBB+/Sta from idA-/Sta. The downgrade was driven by weakening financial condition due to lower revenue projection amid higher debt level. Lower revenue projection is expected due to weak sales performance from La Mansion project and late.

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.

Pemeringkat Efek Indonesia (Pefindo) has revised Sinar Mas Agro Resources and Technology Tbk (SMAR:IJ) outlook to negative from stable. The outlook revision reflects SMAR’s weakening capital structure and cash flow protection. SMAR booked lower EBITDA margin during 9M15 due to continued low CPO price, while its debts increase partially because of foreign exchange debt following.

On the rating action, there were two outlook revision by Pefindo this week: Intiland Development Tbk (DILD:IJ) was revised down to negative from stable and Mayora Indak Tbk (MYOR:IJ) upgraded to stable. The negative outlook on DILD was given to anticipate further weak projected capital structure and cash flow protection measures as a result of.

The rating reflects company’s strong performance as one of the largest Indonesia independent multi-finance company. The outlook upgrade was underpinned by Fitch’s expectation that BFI Finance Tbk (BFIN:IJ) will continue to sustain sound financial performance with strong balance sheet to withstand market volatility and macroeconomic headwinds. BFI Finance’s solid financial performance during 9M15 was driven.

On rating front, Pemeringkat Efek Indonesia (Pefindo) has downgraded the outlook on two domestic banks namely Bank DKI and Bank Muamalat to Negative from stable. The downgrades were driven by the probability of further deterioration of their asset quality due to increasing trend of NPL and SML. Bank DKI’s NPL ratio spiked to 7.3% in.

Soechi Lines Syndicated loan Maturity. Indonesia base shipping company, Soechi Lines Tbk (SOCI IJ) is discussing the possibility of a refinancing scheme. For syndication that will mature in 2021. Based on 1Q20 financial statements, Soechi Lines has a syndicated loan that will mature in.

Global Mediacom Debt Guarantee. An investment company in companies engaged in media and telecommunications business, Global Mediacom Tbk (BMTR IJ). Is receive approval from the bondholders to amend the four debt securities. This was convey through information disclosure on the Indonesia Stock Exchange.

Mayora Indah Rating Remains AA. Fitch Ratings Indonesia has confirm Mayora Indah Tbk (MYOR) rating on AA (idn) with a stable outlook. In addition, Fitch also affirm the AA (idn) rating of the consumer goods company unsecure bonds amounting to IDR 550 billion. Just so you know, the national ranking in the AA.

Chandra Asri Builds New Factory. Chandra Asri Petrochemical, Tbk (TPIA) has recently issued IDR750Bn in bonds with an interest rate of 9.5% p.a. These bonds have been list on the Indonesia Stock Exchange (IDX) on 31 May 2019 ago. President Director of TPIA, Erwin Ciputra said the funds raised from this bond will be used.