{
    "success": true,
    "data": {
        "id": 1328754,
        "msgid": "sp-rates-bnis-sub-notes-ccc-1447893297",
        "date": "2003-06-07 00:00:00",
        "title": "S&P rates BNI's sub notes CCC+",
        "author": null,
        "source": "",
        "tags": null,
        "topic": null,
        "summary": "S&P rates BNI's sub notes CCC+ JAKARTA: Standard & Poor's Ratings Services assigned on Friday its 'CCC+' rating to the proposed US$100 million subordinated notes issue by Indonesia's P.T. Bank Negara Indonesia (Persero) Tbk due 2013, with a call option in 2008.",
        "content": "<p>S&amp;P rates BNI's sub notes CCC+<\/p>\n<p>JAKARTA: Standard &amp; Poor's Ratings Services assigned on Friday<br>\nits 'CCC+' rating to the proposed US$100 million subordinated<br>\nnotes issue by Indonesia's P.T. Bank Negara Indonesia (Persero)<br>\nTbk due 2013, with a call option in 2008.<\/p>\n<p>The rating is based on the issue's subordinate ranking to all<br>\nsenior unsecured debt of BNI, which includes its existing debt of<br>\n$145 million due 2007 (B), but will rank pari passu with the<br>\nbank's existing $150 million 10-year subordinated debt due 2012<br>\n(CCC+), and all future subordinated debt issues.<\/p>\n<p>The issuer has a call option to redeem the notes in whole, but<br>\nnot in part, in 2008, S&amp;P said in a statement.<\/p>\n<p>The proposed $100 million subordinated debt notes will qualify<br>\nas Tier-2 capital under Bank Indonesia's existing capital<br>\nadequacy regulations.<\/p>\n<p>Any material change to the terms and conditions of the<br>\nproposed subordinated note issue could affect the rating on the<br>\nissue. -- JP<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/sp-rates-bnis-sub-notes-ccc-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}