22 Sep 2021 09:12 (2 tahun 8 hari lalu) -
JAKARTA. Pemeringkat Efek Indonesia (Pefindo), a local securities rating agency, downgrades the rating of PT J Resources Asia Pasifik Tbk (PSAB) and its Shelf-Registration Bond I from “idA” to “idBBB” alongside CreditWatch with a negative implication. Kresna Piet Wiryawan, a Pefindo analyst, explains that this downgrading reflects PSAB’s increasing refinancing and liquidity risk. Moreover, one of PSAB’s creditors demanded a full settlement of its debts worth USD 95.09 million on September 1, 2021. “This situation also limits PSAB’s progress in developing one of its projects in Doup, [Bolaang Regency, East Mongondow, North Sulawesi] which wa ...