{
    "success": true,
    "data": {
        "id": 1512353,
        "msgid": "bakrie-international-gets-bbb-rating-1447893297",
        "date": "1997-09-10 00:00:00",
        "title": "Bakrie International gets BBB- rating",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Bakrie International gets BBB- rating JAKARTA (JP): The Japan Bond Research Institute (JBRI) has assigned a BBB- rating to the foreign currency notes (euro notes) of Bakrie International Finance Company B.V to be issued under the Medium Term Notes Program. JBRI has also assigned a BBB- rating to PT Bakrie and Brothers' rupiah notes to be issued under the same program.",
        "content": "<p>Bakrie International gets BBB- rating<\/p>\n<p>JAKARTA (JP): The Japan Bond Research Institute (JBRI) has<br>\nassigned a BBB- rating to the foreign currency notes (euro notes)<br>\nof Bakrie International Finance Company B.V to be issued under<br>\nthe Medium Term Notes Program.<\/p>\n<p>JBRI has also assigned a BBB- rating to PT Bakrie and<br>\nBrothers' rupiah notes to be issued under the same program.<\/p>\n<p>The Japanese rating agency said yesterday the Triple B- rating<br>\nreflected its diversified and stable cash flow derived from the<br>\ncompany's solid operational base of three core businesses:<br>\ntelecommunications, infrastructure support and plantation.<\/p>\n<p>Bakrie &amp; Brothers expects the largest earnings contribution<br>\nfrom its telecommunications sector, the company's most profitable<br>\ncore business with strong future prospects.<\/p>\n<p>It engages in landline installations under revenue sharing<br>\nprograms with state-owned telecommunications company PT Telkom<br>\nand the installation and operation of fixed wireless lines<br>\nthrough a joint venture with PT Telkom.<\/p>\n<p>Bakrie &amp; Brothers also maintains a solid operational base in<br>\nits infrastructure support division which boasts the largest<br>\ndomestic market share of welded pipes and seamless pipes for oil<br>\nand gas industries, the rating agency said.<\/p>\n<p>The agency added that Bakrie's rubber plantation business is<br>\ninternationally competitive. It conducts rubber trading through<br>\nsubsidiary Lewis &amp; Peat which maintains a global trading market<br>\nshare of 11 percent.<\/p>\n<p>The company's balance sheet is exposed to relatively large<br>\nforeign exchange risk, mostly offset by currency hedging, it<br>\nsaid.<\/p>\n<p>PT Bakrie &amp; Brothers was established in 1942 and was listed on<br>\nthe Jakarta Stock Exchange in 1989. It has three main core<br>\nbusinesses: telecommunications, infrastructure support (mainly<br>\nconsisting of steel pipe manufacturing) and plantations.<\/p>\n<p>About 44 percent of its shares are owned by Bakrie Investindo<br>\nand 13.76 percent by the Bakrie family. (08)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/bakrie-international-gets-bbb-rating-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}