WEBODIGY Business & Finance Journal

PT Indonesia Morningstar (Pefindo) assign ratings to PT Mandiri idA Tunas Finance (TUFI). As for IV/2007 bonds worth Rp350 billion and bonds worth Rp250 billion V/2008 with a stable outlook.

This is like Pefindo management disclosed in a written statement received okezone, in Jakarta, Thursday (19/11/2009).

As Pefindo, these ratings reflect the strength of support from PT Bank Mandiri Tbk (BMRI), the magnitude of the potential for business growth through synergies with its shareholders, and strong capital levels.

However, the ratings are constrained by the weakening position of the company’s business and industry competition.