RI firms' ratings withdrawn

RI firms' ratings withdrawn

JAKARTA (JP): Credit ratings firm Standard & Poor's said on Monday it had withdrawn its corporate credit ratings of several Indonesian companies.

"The rating withdrawals are a result of the prolonged debt restructuring at these companies," the firm said in a statement.

The companies are PT Fajar Surya Wisesa, PT Inti Indorayon Utama, PT Polysindo Eka Perkasa, PT Tri Polyta Indonesia Tbk and PT Datakom Asia.

Standard & Poor's also said it had withdrawn the ratings of senior secured notes issued by FSW International Finance Co. B.V. and guaranteed by Fajar; senior unsecured notes issued by Indorayon, Indorayon International Finance B.V. and guaranteed by Indorayon; senior secured notes issued by Polysindo, Polysindo International Finance Co., B.V. and guaranteed by Polysindo; senior secured notes issued by Tri Polyta Finance B.V. and guaranteed by Tri Polyta; senior unsecured notes issued by Pratama Datakom Asia B.V. and guaranteed by Datakom.

All of them were rated 'D', Standard & Poor's said. (jsk)