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Wednesday, May 11, 2011

Jakpro rating idBBB

11/5/2011
Irvin Avriano A.

Jakpro rating idBBB

JAKARTA: PT Pemeringkat Efek Indonesia (Pefindo) rates PT Jakarta Propertindo's (Jakpro) I/2011 bond and corporate rating at idBBB level.

The outlook for the rating also pegged at stable level. The matter was announced in company's disclosure on newspaper today.

Jakpro is a DKI Jakarta municipal owned enterprise which have issue a bond in 2007 amounted to IDR200 billion.

Recently, Jakpro connected with mutual fund PT Harvestindo Asset Management default case, as one of the promissory notes (PN) emitters.

The PN used as Harvestindo Dana Istimewa mutual fund underlying asset, and the mutual fund allegedly has been default in 2009 and its been restructured.

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