Tiphone Selective Default

By administrator | June 10, 2020 | Trade Services.

Tiphone Selective Default. The cellular vouchers distributor company Tiphone Mobile Indonesia Tbk (TELE IJ) fail to pay interest on a bank syndicate loan. That matures in March 2020. That is why, the Indonesia Credit Rating Agency (Pefindo) downgraded Tiphone. From BB+ to Selective Default. Based on Pefindo, Tiphone has a syndicate loan from Standard Chartered Bank. As well as, Bank CIMB Niaga Tbk (BNGA IJ), and Bank Central Asia Tbk (BBCA IJ).

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