JSX to apply rating code

JSX to apply rating code

JAKARTA (JP): The Jakarta Stock Exchange (JSX) will apply a
company rating code by July 1 to give more transparency to
investors about the companies' compliance to listing rules.

"The rating code system covers 27 codes, each identifying a
company's listing condition, such as whether a company is under a
warning list or being suspended for some specified reasons," a
JSX executive said on Friday.

The code "NA", for example, applied to a company means the
company has been given a warning letter due to failure to submit
an annual financial statement to JSX.

"DT" means the concerned company is on the temporary delisting
list due to a lack of transaction frequency and/or volume.

Further descriptions of the 27 codes are available through the
JSX homepage: http://www.jsx.co.id at the "Stock Quotation"
folder. (udi)