Business Services Industry
INDONESIA: MOODY'S ASSIGNS BAA1.ID TO BFI FINANCE'S PROPOSED DEBT ISSUANCE.
IPR Strategic Business Information Database, January, 2008
Moody's Investors Service has today assigned a Baa1.id National Scale Rating to PT BFI Finance Indonesia Tbk's ("BFI Finance") proposed debt issuance, Obligasi BFI Finance Indonesia II Tahun 2008, 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 used to increase working capital. The rating is subject to receipt of final documentation, the terms and conditions of which have not changed in any material way from the draft documents 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 the secondary-car financing segment, geographically diversified...
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