JAKARTA (Indonesia Today) – Global rating agency Standard & Poors (S&P) Rating Service intends to acquire stake in Indonesia credit rating agency PT Pefindo, an executive said.
Ronald T Andi Kasim, Pefindo’s president director told to the press today that Pefindo will hold sharesholders general meeting in end of this month for responding the acquisition plan by S&P. “S&P could buy Pefindo shares from minority shareholders or Pefindo would issue new shares or rights issue,” he said.
Pefindo main function is to provide objective, independent and credible ratings on the credit risk of publicly issued debt securities through rating activities.
Pefindo is a private limited liability company, and as of December 2011 owned by 92 domestic institutional shareholders, comprising of major pension funds, banks, insurers, Indonesia Stock Exchange (IDX) and securities companies. (hans@theindonesiatoday.com)