Information Disclosure Regarding Results of Special Review Rating Of APLN by PEFINDO
July 31, 2019
Referring to Bapepam and LK Regulation No. IX.C.11 Appendix of Decision of Chairman of Bapepam and LK No. Kep-712/BL/2012 dated December 26, 2012 concerning Rating of Debt Securities and/or Sukuk, we inform that through its letter No. RC-682/PEF-DIR/VII/2019 dated 30 July 2019 concerning Special Monitoring Certificate (Special Review) Rating of the Company and APLN Shelf-Registered Bonds I Phase III Year 2014 and APLN Shelf-Registered Bonds I Phase IV Year 2015, PT Pemeringkat Efek Indonesia ("PEFINDO") downgraded the rating of the Company, and APLN Shelf-Registered Bonds I Phase III Year 2014 and APLN Shelf-Registered Bonds I Phase IV Year 2015 in the total amount of IDR550,000,000,000 (five hundred fifty billion Rupiah) to "idBBB" from "idA-"While the outlook for the Company's rating was revised to be "credit watch with negative implications" from "negative".
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