Last updated at 1:22 AM. Saturday 20 March 2010

Go to comments September 18, 2009

S&P Downgrades Ratings for Bakrie Sumatera Plantations

Standard & Poor’s ratings service on Friday said it had lowered its long-term corporate credit rating on the Bakrie group’s plantation company, PT Bakrie Sumatera Plantations, to B- from B, with a negative outlook.

S&P also lowered its rating on the company’s senior secured bonds due in 2011 to B- from B. These bonds were issued by subsidiary Bakrie Sumatera Plantations Finance and are guaranteed by the parent company. 


JG



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