Home  Affiliates  About Us  Mutual Fund Services  Contact Us   Client Login Username : Password : Forgot Password... Register Here..     Latest Rating Release Jawa Pos Released: September 05, 2008 Indosat Tbk. Released: September 04, 2008 Adhi Karya (Persero) Tbk. Released: September 01, 2008 Perkebunan Nusantara VII Released: August 27, 2008 Duta Pertiwi Tbk. Released: August 21, 2008 Indosiar Visual Mandiri Released: August 08, 2008 Bank Negara Indonesia (Persero) Tbk. Released: August 08, 2008 PAM Lyonnaise Jaya Released: August 01, 2008   Latest Rating Announcement BOND/MTN August 31, 2008 General Obligation August 31, 2008 Delisting December 31, 2003 Withdrawn June 30, 2006   WELCOME TO PEFINDO PT. PEFINDO or "PT Pemeringkat Efek Indonesia" was established in Jakarta on December 21, 1993, through the initiative of BAPEPAM (the Capital Market's Supervisory Board), and Bank Indonesia (The Central Bank). On August 13, 1994, PEFINDO obtained its operating license (No. 39/PM-PI/1994) from BAPEPAM and remains one of the supporting institutions of the Indonesian Capital Market. Last Update : September 05, 2008 Latest Rating Rationale Adhi Karya (Persero) Tbk. (Released: September 01, 2008) PEFINDO reaffirmed ratings for PT Adhi Karya (Persero) Tbk. (ADIK or the Company), the Company’s Bonds IV/2007... Perkebunan Nusantara VII (Released: August 27, 2008) PEFINDO upgraded the ratings for PT Perkebunan Nusantara VII (PTP7 or the Company) Duta Pertiwi Tbk. (Released: August 21, 2008) PEFINDO affirmed its ratings of “idBBB” with a “stable” outlook for PT Duta Pertiwi Tbk. (DUTI or the Company) Bank Negara Indonesia (Persero) Tbk. (Released: August 08, 2008) PEFINDO affirmed the “idAA-” ratings of PT Bank Negara Indonesia Tbk (BBNI or the Bank) PAM Lyonnaise Jaya (Released: August 01, 2008) PEFINDO reaffirmed its ratings of “idA-” for PT PAM Lyonnaise Jaya (PLJY or the Company) BFI Finance Indonesia Tbk. (Released: July 23, 2008) PEFINDO assigned the rating for PT BFI Finance Indonesia Tbk (BFIN or the Company) Kalbe Farma Tbk. (Released: July 16, 2008) PEFINDO affirmed its ratings of “idAA” with stable outlook on PT Kalbe Farma Tbk. (KLBF or the Company) Perusahaan Daerah Air Minum Kota Malang (Released: July 11, 2008) PEFINDO assigned a corporate rating of “idBBB” with a “Stable” outlook to Perusahaan Daerah Air Minum (PDAM) Kota Malang (PAKM or the Company)

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	This document is for information only and for the use of the recipient. The ratings have been arrived by virtue of information supplied by applicants of which the accuracy and completeness are the sole responsibility of the applicants. These ratings do not constitute a recommendation to acquire, dispose of, or hold on to any debt instrument issued by virtue of, or related with, these ratings so that PEFINDO shall not liable for any damages/losses arising from, or related to, the utilization of these ratings does not advise nor give any option that any document issued by virtue of, or related to, these ratings are enforceable in accordance with its terms.