www.pefindo.com - PEFINDO lowered its ratings on PT Bakrieland Development Tbk. (ELTY or the Company) and the Company’s Bond I/2008 to “idBBB” from “idBBB+”. PEFINDO also lowered the rating of the Company’s Sukuk Ijarah I/2009 Serie B to “idBBB(sy)” from “idBBB+(sy)”.
The downgrade was attributable to the Company’s weakening cash flow protection ratios. In 2011, the Company’s EBITDA to debt ratio and EBITDA to interest (including capitalized interest) ratio were 0.1x and 0.9x, respectively. (source)
Showing posts with label elty. Show all posts
Showing posts with label elty. Show all posts
Sunday, April 08, 2012
Tuesday, April 12, 2011
RATINGS - Bakrieland Sukuk Ijarah Affirmed at BBB+ Rating
The indonesiatoday.com - indonesia credit rating Pefindo affirmed its "BBB+" rating on property developer PT Bakrieland Development Tbk's (ELTY) Sukuk Ijarah I-A series year 2009 amounting to Rp60 billion that will mature on July 7, 2011. (full story)Friday, October 08, 2010
CAPITAL MARKETS - SUKUK - Profit share Bakrieland Development, ELTY, sukuk ijarah
On Oct 5, 2010 it was announced that the I ELTY Siapkan Sukuk Ijarah would pay a profit share of Rp 5.99 billion over the year 2009 and that the proceeds would be available at Pt Kustodian Effek Sentral Indonesia KSEI at Oct 06, 2010.
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