Trikomsel Oke Suffers Another Downgrade

Pemeringkat Efek Indonesia (Pefindo) downgraded PT Trikomsel Oke, Tbk (TRIO:IJ)’s rating to idBB+ from idBBB. The company’s Mandatory Convertible Bond (MCB) I/2012 rating was also downgraded to idBB from idBBB-. The rating outlook was put on credit watch on negative implication. The rating downgrade reflects increasing refinancing risk for its short-term debt following the company’s announcement to conduct debt restructuring plan. TRIO is discussing the various options on debt restructuring to all lenders assisted by professional advisers. Last month, Pefindo has just downgraded Trikomsel Oke’s rating to idBBB from idBBB+ driven by weakening capital structure and cash flow protection.

Rating Upgrade for Japfa; Another Downgrade for Gajah Tunggal

One Upgrade; One Downgrade

Aneka Tambang Rating Downgraded to idBBB+ from idA-

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

The Increase of Non-Subsidies Fuel Price is Positive Sentiment to Rupiah