JAKARTA: Pemeringkat Efek Indonesia affirmed its "idAA" rating of PT Astra Sedaya Finance's bond Series D year 2009 amounting to IDR84 billion which will fall due on October 2, 2011.Dimas Rizki Aditya and Titan Sjofjan, analysts at PT Pemeringkat Efek Indonesia (Pefindo), in a press release published today, said that the company has the capability to fulfill its maturing obligation by utilizing internal funds accumulated from the collections of its receivables.At the end of March 31, cash and cash equivalents totaled to IDR239.8 billionAstra Sedaya is Astra Group's captive financing company focusing on the new car sales, used car and heavy equipment.The company delivers its service to customer through its 60 service offices and more than 2,500 authorized car dealers located in major cities throughout Indonesia.As of December 31, 2010, Astra Sedaya was fully owned by PT Astra International Tbk (44.28%) and through PT Sedaya Multi Investama (8.72%) and PT Garda Era Sedaya (47%). (NOM)
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