PEFINDO affirmed its ratings of idAA+ for PT Indosat (ISAT) and its bonds V/2007, bonds VI/2008, bonds VII/2009, and bonds VIII/2012, and idAA+(sy) for its Sukuk Ijarah II/2007, Sukuk Ijarah III/2008, Sukuk Ijarah IV/2009, and Sukuk Ijarah V/2012.
The outlook of the rating is Stable. The ratings reflect the strong support from the major shareholder, the Company’s stable market position, and its stable operating performance. However, the ratings are offset by the Company’s aggressive capital structure and intense competition within the telecommunication industry…………………………………..Full Article: Source