Business Services Industry
MOODY'S ASSIGNS BAA1.ID TO BFI FINANCE'S PROPOSED DEBT ISSUANCE
Info-Prod Research (Middle East), January, 2008
Moody's Investors Service has today assigneda Baa1.id National Scale Rating to PT BFI Finance Indonesia Tbk's ("BFIFinance") proposed debt issuance, Obligasi BFI Finance Indonesia II Tahun2008, which will total as much as IDR 500 billion and mature in 2011.The rating outlook is stable. The proceeds from the issuance will be usedto increase working capital.
The rating is subject to receipt of final documentation, the terms andconditions of which have not changed in any material way from the draftdocuments already reviewed by Moody's. The suffix ".id" identifies the rating as country specific, in this case Indonesia. "Supporting the rating is BFI Finance's less volatile business in thesecondary-car financing segment, geographically diversified earningsbase, and sound asset...
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