Search result for: "AKRA"

The rating agency Pemeringkat Efek Indonesia (Pefindo) still set rating idAA- AKR Corporindo, Tbk (AKRA IJ) as well as its bonds i.e. Shelf Registered Bond I Year 2017 and Shelf Registered Bond I Year 2012. However, Pefindo revised AKRA rating.

The use of fuel (BBM) that continues to grow from year to year makes gas stations business is still quite seductive. The evidence the oil companies continue to compete to add gas stations to attract more customers. As BP Indonesia cooperated.

AKR Corporindo, Tbk (AKRA:IJ) and BP Global has formed a joint venture (JV) to build gas stations in Indonesia under the brand name of “BP”. The joint venture company, BP AKR Fuels Retail, is 50.1% owned by AKR Corporindo and 49.9% by BP.

PT Visi Media Asia, Tbk (VIVA IJ) are conducting a related discussion of the process of bonds issuance within the country and abroad. The purpose of bonds issuance are to lower the level of company’s loan interest expenses. In addition, company will refinancing its debt worth UDS230mn through a new loan facility with eight international.

Pemeringkat Efek Indonesia (Pefindo) has upgrade the outlook on Wika Realty Tbk (WKTY) to positive from stable whilst its rating remains at idBBB+. The outlook upgrade was driven by improved capital structure and better cash flow following capital injection of IDR1.7trn from its parent Wijaya Karya Tbk (WIKA:IJ, idA+/Sta) and potential land sales. The bulk.