DCR only issues local ratings<\/p>\n
With respect to the article Bhakti set to issue Rp 200b in
\nbonds (The Jakarta Post, Sept. 28, 1999), we would like to make a
\ncorrection on the rating assigned by PT Kasnic Duff & Phelps
\nCredit Rating Indonesia.<\/p>\n
The issuance of Obligasi Bhakti Investama I Tahun 1999 was
\nrated by PT Kasnic Duff & Phelps Credit Rating Indonesia, or PT
\nKasnic DCR Indonesia for short, a joint venture company between
\nthe U.S.-based rating agency, Duff & Phelps Credit Rating Co.,
\nand PT Kasnic Indotama. PT Kasnic DCR Indonesia is a second
\nrating company approved by BAPEPAM.<\/p>\n
As an Indonesian company, PT Kasnic DCR Indonesia can only
\nissue a local rating to Indonesian companies issuing bonds. A
\nlocal rating means the rating by DCR's local affiliate, such as
\nPT Kasnic DCR Indonesia, which expressed the ability of the
\ntransaction to meet domestic obligations in its local or domestic
\ncurrency. PT Kasnic DCR Indonesia is not allowed to issue
\ninternational ratings, domestic and foreign currency ratings,
\nbecause those can only be issued by DCR-United States.<\/p>\n
IWAN WISAKSANA<\/p>\n
DCR Indonesia<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/dcr-only-issues-local-ratings-1447893297", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }