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Siantar Top Series A and B bonds rated A

14 January 2019 15:08

JAKARTA - PT Pemeringkat Indonesia (Pefindo) has awarded a single A rating (idA) to PT Siantar Top Tbk (STTP) series I and II 2016 Shelf-Registered Bonds worth Rp 300 billion and Rp 200 billion respectively.

Salyadi Saputra, President Director of PT Pefindo, said that single A rating (idA) indicates that the bonds have the ability to make long-term funding to bonds compared to other bonds. However, the bonds' ability can influence conditional and situational economics compared to bonds that have a higher rating.

Series B bonds are valued based on the company's financial statements (unaudited) in the third quarter of 2018. The rating period is for January 8, 2019 to January 1, 2020. Whereas the series B bonds are valued at Rp 300 billion for January 8-12 April 2019. (LK/MS)

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