Astragraphia's Rating is Rising Up
Jakarta - Indonesia Securities Rating Company (Pefindo) raise firms and bond ratings of PT Astra Graphia Tbk from A- (A minus) into A stable outlook.
The bonds which ranking is rise it was first bond published in 2003 by Rp.150 billion. The amount of bonds circulating per June 30, 2007 has been reduced to Rp.118 billion because the company has done buy back.
This new rating valid for period October 26, 2007 to October 27, 2008. Such explanations from analysts Pefindo, Vonny Widjaja and Niken Indriarsih in a press release, Thursday (11/1/2007).
This raising rank reflects in cash flow protection of Astra Graphia that was strong and improved, the company's strong position in document business solutions as well as a company capital conservative.
"However, this rank is still limited by company reliance to Fuji Xerox products and intense competition in industry," Pefindo said.
Astra Graphia was subsidiary company of PT Astra International Tbk with stock 76,87%, engaged in document business solutions and also information technology solutions through PT SCS Astragraphia Technologies (SAT). The SAT is a joint venture with the Singapore Computer Systems Limited (SCS) with 49% ownership of Astra Graphia.
News taken from www.detikfinance.com