Moody's: New ratings for Indonesia companies

Moody's Investors Service said it assigned national scale ratings to 13 companies in Indonesia, fully converting the issuance ratings assigned by PT Kasnic Credit Rating Indonesia - its predecessor company in the country - to its new national scale rating system for Indonesia.

The conversions follow Moody's acquisition of 99% of Kasnic in January.

These changes increase the consistency and comparability of credit ratings across the spectrum of institutions rated in the Indonesian market, the agency said.

The ratings converted include:

PT Humpuss Intermoda Transportasi, Tbk's obligasi HITS I 2004 - series A of Rp84 billion, obligasi HITS I 2004 - series B of Rp80.5 billion; obligasi HITS I Syariah Ijarah 2004 of Rp92 billion to A1.id with negative outlook.

PT Citra Marga Nusaphala, Tbk's obligasi CMNP II Tahun 1997 of Rp43.33 billion; obligasi CMNP IIITahun 2005 - series A of Rp106 billion; obligasi CMNP IIITahun 2005 - series B of Rp100 billion; obligasi CMNP IIITahun 2005 - series C of Rp100 billion to A1.id with stable outlook.

PT Perusahaan Listrik Negara (Persero)'s obligasi PLN VII 2004 of Rp1,500 billion to A1.id with positive outlook.

PT Sona Topas Tourism Industry, Tbk's obligasi Sona Topas Tourism Industry 2004 of Rp100 billion; obligasi Sona Topas Tourism Industry Syariah Ijarah Tahun 2004 of Rp52 billion to A1.id with stable outlook.

PT Citra Sari Makmur's obligasi Citra Sari Makmur I Tahun 2004 of Rp85 billion; obligasi Citra Sari Makmur I Syariah Ijarah Tahun 2004 of Rp100 billion to A3.id with stable outlook.

PT Arpeni Pratama Ocean Line, Tbk's medium-term notes Syariah Ijarah APOL 2004 of Rp100 billion to A3.id with stable outlook.

PT Semen Baturaja (Persero)'s obligasi Semen Baturaja I Tahun 2004 of Rp190 billion to A3.id with stable outlook.

PT Plaza Adika Lestari's obligasi Plaza Adika Lestari I Amortisasi Tahun 2003 of Rp120 billion to Baa1.id with stable outlook.

PT Ricky Putra Globalindo, Tbk's obligasi Syariah Ijarah I Ricky Putra Globalindo Tahun 2005 of Rp60.4 billion to Baa1.id with stable outlook.

PT Infoasia Teknologi Global, Tbk's obligasi Infoasia Teknologi Global I Tahun 2004 Seri A of Rp35 billion; obligasi Infoasia Teknologi Global I Tahun 2004 Seri B of Rp10 billion; obligasi Infoasia Teknologi Global I Tahun 2004 Seri C of Rp65 billion to Baa2.id with negative outlook.

PT CSM Corporatama's obligasi Indorent I Tahun 2004 Seri A of Rp100 billion; obligasi Indorent I Tahun 2004 Seri B of Rp100 billion; obligasi Indorent I Syariah Ijarah Tahun 2004 of Rp100 billion to Baa2.id with negative outlook.

PT Pembangunan Perumahan (Persero)'s obligasi II Pembangunan Perumahan Tahun 2004 of Rp250 billion to Baa2.id with negative outlook.

PT Berlina, Tbk's obligasi Berlina I Tahun 2004 Seri A of Rp43 billion; obligasi Berlina I Tahun 2004 Seri B of Rp32 billion; obligasi Berlina I Syariah Ijarah Tahun 2004 of Rp85 billion to Baa3.id with stable outlook.

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