RATINGS - Pefindo : PNM Amanah Syariah upgraded

PEFINDO has upgraded the credit quality rating for PNM Amanah Syariah (“the Fund”), a fixed-income mutual fund managed by PT PNM Investment Management (PNMIM) to “_idA_f” from “_idA-_f”.  The rating is based on the Fund’s portfolio as of November 30, 2010.  PEFINDO views that the Fund’s underlying assets provide adequate protection against losses from credit defaults.  The rating upgrade reflects increasing portion of “AAA” and “AA” rated assets to 57% as of November 30, 2010 from 48.2% as of October 29, 2010.