PEFINDO affirmed “idAA+” rating of PT Indosat Tbk’s (ISAT or the Company) Bond IV Year 2005 amounting to IDR815 billion and “idAA+(sy)” rating of Sharia Ijarah Year 2005 amounting to IDR285 billion that will mature on June 21, 2011. ISAT should be able to repay the maturing bonds using its internal funds. The funds needed to pay the maturing bonds are placed in deposits in Bank Mandiri, Bank BRI, Bank BTN, Bank Syariah Mandiri etc.. (full story)
ISAT is a full network service provider, offering cellular, fixed telecommunication, and multimedia, data communications, and internet (MIDI) services. As of September 30, 2010, ISAT was 65% owned by Qatar Telecom (Qtel Asia) Pte. Ltd. (formerly Indonesia Communications Pte. Ltd., Singapore) as well as Government of Indonesia (14.29%) and others including public (20.71%).
Source : http://new.pefindo.com/r_releasedetail.php?cid=841- March 21, 2011
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