Pefindo Affirmed 2 Multifinance’s Rating; Waskita’s Rating Cut to A-/Stable

Pemeringkat Efek Indonesia (Pefindo) has lowered rating on Waskita to A-/Stable from A/Stable driven by the expectation of higher leverage and weakening cash flow protection as a result of aggressive expansion into toll road business  which will be funded mostly by debt. However, the company still has strong position in domestic construction industry, improving margin and better diversification strategy as well as benefited from being stated owned company.

New Bond Issues From Mayora and Eximbank

Again, Final Coupon on Indonesia SOE Bonds Final Set at Lower End of Guidance

Indonesia Market Appetite Skewed Toward SOEs Bonds

Credit Grew 11.5% in 2018

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