JAKARTA: PT Pemeringkat Efek Indonesia (Pefindo) reaffirms idA rating for bonds issued by PT Danareksa (Persero). The bonds are II/2007 of IDR500 billion, III/2008 of IDR380 billion and IV/2009 of IDR200 billion.Pefindo analysts, Danan Dito and Hotma Parulian Manalu, in a statement today, saidd that they also assign the same rating for the V/2010 bond to be issued at maximum of Rp500 billion.The rating outlook is stable, they said.The rating reflects strong support from the Indonesian government, steady business position, and a well-built capital. However, the rating is restricted by an unproven online trading and volatility at stock market.In the third quarter of 2010, the company recorded higher revenue, growing 66.7% to IDR386.08 billion from IDR231.59 billion at the same period last year. It also reversed the loss in Q3/2009 amounting IDR31.84 billion to IDR111.24 billion operating income this year.With the increase in revenue and operating income, Danareksa booked a net income of IDR113.03 billion in the third quarter of 2010, reversing a net loss of IDR32.22 billion at the same period last year. (T05/NOM)
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