Indonesia-based shipping company BLT said that it would temporarily cease all its debt repayments and ship lease payments. This step substantially increases the company's risk of default within the next two weeks, in our opinion.
"We lowered the ratings because we believe BLT's self-imposed suspension of debt repayment has substantially increased the probability of default," said Standard & Poor's. "We aim to resolve the CreditWatch placement over the next few weeks, once we have greater clarity on whether BLT has actually missed any interest payments." S&P cuts PT Berlian Laju Tanker to 'CC'; on watch neg<http://www.reuters.com/article/2012/01/30/idUSWLA208220120130> -- '+' Follow positif01indo on Twitter: https://twitter.com/#!/positif01indo Persetujuan *request followers* baru diberikan hanya satu kali tiap akhir kuartal maks 500 *request */ diskresi kami.
