Bandar belom cukup brg buat ngangkat... Berita buruk dikeluarin supaya turun.. nanti kalau sudah optimal barangnya, diangkat, berita baik pada keluar...
Liat aja bumi, berita buruk dikeluarin biar turun (ANTM naikin tawaran Herald), waktu udah selesai akumulasi baru dah, berita cadangan batubara ama naikin tawaran Herald keluar.. --- In obrolan-bandar@yahoogroups.com, Richard Rahardjo <[EMAIL PROTECTED]> wrote: > > PRESS RELEASE: Moody's Places Indosat's Ratings On Review For Possible Cut > > > > The following is a press release from Moody's Investors Service: > > Singapore, June 10, 2008 -- Moody's Investors Service has placed on review for possible downgrade the Ba1 local currency corporate family rating of PT Indosat Tbk (Indosat), and the Ba2 foreign currency senior unsecured bond rating of Indosat Finance Company B.V. and Indosat International Finance Company B.V., which are guaranteed by Indosat. > > The rating action was prompted by the announcement that Singapore Technologies Telemedia (STT), a wholly owned unit of Singapore government's investment firm Temasek Holdings, has agreed to sell its interest in Indosat to its business partner Qatar Telecom. Qatar Telecom will pay $1.8 billion for the 40.8% stake in Indosat held by Asia Mobile Holdings, a joint venture between Qatar Telecom and STT. Upon completion of the transaction, STT will no longer have any involvement in Indosat. > > Indosat's Ba1 rating had historically received a one-notch uplift from the expected support of STT as the largest shareholder. Moody's has also indicated in the past that should STT reduce its equity stake in Indosat, there could be negative consequences for the rating as the support level, and therefore the rating uplift, would have to reassessed. > > In addition, Moody's notes that successful completion of the transaction could potentially trigger the Change of Control clauses in the USD 300 million 7.75% senior unsecured notes due Nov 2010 issued by Indosat Finance Company BV and the USD 250 million 7.125% senior unsecured notes due June 2012 issued by Indosat International Finance Company BV. While Indosat currently has sufficient cash to cover early redemption of the bonds, this may weaken its overall liquidity given the projected large capex plan. > > In its review, Moody's will assess (i) whether Indosat's ratings will continue to benefit from the uplift derived from the ownership by a government-related issuer (Moody's notes that Qatar Telecom is 55% owned by the Government of Qatar), (ii) the impact of the early repayment of the bonds on Indosat's liquidity, and (iii) whether the change in ownership could have any impact on Indosat's business and financial strategies. A more aggressive financial strategy could put pressure on Indosat's standalone Ba2 rating. > > The transaction is subject to certain regulatory approvals; Moody's expects to complete its review once the approvals have been granted, and there is more clarity on the expected support and the financial strategies that the new major shareholder will be implementing on Indosat. > > Indosat is a fully integrated telecommunications network and services provider in Indonesia. The company is the second largest cellular operator in the country, as well as its leading provider of international call services. It also provides multi-media, data communications, and internet services. > > Copyright 2008, Moody's Investors Service, Inc. and/or its licensors and affiliates including Moody's Assurance Company, Inc. (together, "MOODY'S"). All rights reserved. >
