JAKARTA - PT Pemeringkat Efek Indonesia (Pefindo) assigned an "idA" rating for PT Barito Pacific Tbk (BRPT) and Barito Pacific I Shelf Registered Bonds amounting to Rp 1.5 trillion.
The bonds will be issued gradually. The first phase as much as Rp 750 billion in 2019 and the second phase at Rp 750 billion in 2020. The bond proceeds will be used to refinance part of its bank loans
This rating is valid from 9 October 2019 to 1 October 2020. Pefindo also set the corporate rating outlook at a stable level. (LM)