ID :
10104
Mon, 06/16/2008 - 14:10
Auther :
Shortlink :
http://m.oananews.org//node/10104
The shortlink copeid
PEFINDO REAFFIRMS "IDA+" RATINGS FOR PJAA
Jakarta, June 16 (ANTARA) - Indonesian rating agency Pefindo reaffirmed "idA+" ratings for PT Pembangunan Jaya Ancol Tbk (PJAA) and its bound I/2007 of Rp200 billion with a stable prospect.
The ratings reflected the company's strong market position, a conservative market structure, and the company's very strong cash flow, Pefindo said in its press statement here on Monday.
Factors which constrained the company's ratings included a prolonged legal process on coastal reclamation, and a limited growth potential in the recreational segment, according to Pefindo.
Having its legal status in 1992, PJAA was formerly called Ancol Project Development Executive Board which was officially set up by the Jakarta provincial administration in 1966 for the development of Ancol amusement center.
PJAA is owner and operator of Ancol, Indonesia's largest recreational area. The company is also engaged in the property business sector, especially in selling reclaimed land located next to the recreational center.
Share holders of PJAA are the Jakarta provincial administration (72 percents), PT Pembangunan Jaya (18 percents), and the public (10 percents).
The ratings reflected the company's strong market position, a conservative market structure, and the company's very strong cash flow, Pefindo said in its press statement here on Monday.
Factors which constrained the company's ratings included a prolonged legal process on coastal reclamation, and a limited growth potential in the recreational segment, according to Pefindo.
Having its legal status in 1992, PJAA was formerly called Ancol Project Development Executive Board which was officially set up by the Jakarta provincial administration in 1966 for the development of Ancol amusement center.
PJAA is owner and operator of Ancol, Indonesia's largest recreational area. The company is also engaged in the property business sector, especially in selling reclaimed land located next to the recreational center.
Share holders of PJAA are the Jakarta provincial administration (72 percents), PT Pembangunan Jaya (18 percents), and the public (10 percents).
