Fitch Affirms and Withdraws MNC Finance's 'BBB-(idn)' Rating Fitch Ratings-Jakarta/Singapore-29 July 2011: Fitch Ratings has affirmed MNC Finance's (formerly known as Bhakti Finance) National Long-Term rating at 'BBB-(idn)' with Negative Outlook and simultaneously withdrawn the rating.
The rating has been withdrawn as it is no longer considered by Fitch to be relevant to the agency's coverage. The rating reflects Fitch's expectations for loan quality pressures to moderate, on the back of improving asset quality and an expanding loan portfolio of low-risk used car financing. The Negative Outlook reflects the company's linkage with its ultimate shareholder, PT Bhakti Investama Tbk, as its majority-owned subsidiary. The Outlook takes into account the possible impact on MNC Finance if there is a significant deterioration in the parent's financial profile. Established in 1989, MNC Finance is a finance company providing automotive, heavy equipment, electronics, and mortgage financing. The company is wholly-owned by PT Bhakti Capital Indonesia, a financial services holding company of the Bhakti Investama Group. Fitch will no longer provide analytical coverage or ratings of the issuer. Sent from my BlackBerry® smartphone from Sinyal Bagus XL, Nyambung Teruuusss...! ------------------------------------ Kunjungi situs http://www.info-saham.com untuk informasi seputar saham. SEMUA POSTING DI MILIS INI TANGGUNG JAWAB PENGIRIM EMAIL DAN BUKAN ADMIN MILIS. SEMUA POSTING DI MILIS INI BUKAN UNTUK MENGAJAK MEMBELI ATAU MENJUAL EFEK. SETIAP KEPUTUSAN INVESTASI MENJADI TANGGUNG JAWAB PIHAK PEMILIK INVESTASI ATAU PEMILIK MODAL. [email protected] untuk berhenti dari milis saham [email protected] untuk bergabung ke milis saham Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/saham/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/saham/join (Yahoo! ID required) <*> To change settings via email: [email protected] [email protected] <*> To unsubscribe from this group, send an email to: [email protected] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
