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Pefindo reaffirms the idA+ rating for Mandiri Tunas Finance

Thursday, 3 January 2013

Pefindo reaffirms the idA+ rating for Mandiri Tunas Finance

On January 30 2012, PT Pefindo reassigned the rating: idA+ (Single A Plus)  to Mandiri Tunas Finance in the annual monitoring rating of Bonds VI of 2011 worth IDR 600 billion as well as Payment Readiness Monitoring of Bonds V Series D of 2008 worth IDR 175 billion which will mature on February 16 2012 and Medium Term Notes II of 2010 worth IDR 350 billion which will mature on February 20 2012.  The outlook for the company's ratings is “stable”.The ratings reflect strong support from PT Bank Mandiri (Persero ) Tbk towards the company, and increasing the company's position in the new car financing market.