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)