Business Services Industry
MOODY'S ASSIGNS AA3.ID TO PT. BCA FINANCE'S DEBT
Info-Prod Research (Middle East), March, 2008
PT. Moody's Indonesia ("Moody's") has todayassigned an Aa3.id National Scale Rating with stable outlook to PT. BCAFinance's ("BCA Finance") outstanding debt of Obligasi BCA Finance IITahun 2007 in the amount of IDR 500 billion. The debt consists of Seri-A due in February 2009, Seri-B due in February 2010, Seri-C due in August 2010, and Seri-D due in February 2011.
The suffix ".id" identifies the rating as country specific, in this case Indonesia. "The rating is supported by BCA Finance's established franchise, strong support from major shareholder, good core profitability, and experiencedmanagement team," says Iwan Wisaksana, a Moody's VP/ Senior Analyst. "The company is focused on providing installment financing for new andsecond-hand cars and its overall business has grown...
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