PEFINDO Credit Rating Indonesia

Last Update: Oct 18, 2005

Rating Release

Rating Rationale

Rating Announcement

BOND/MTN Rating

Corporate (GO) Rating

Commercial Paper

Rating Methodology

Products & Services

Rating Services

Corporate Governance Scoring
& Asset-Backed Securities

Information Services

Default Study

Rajawali Citra Televisi Indonesia (Released: October 17, 2005)

Leighton Contractors Indonesia (Released: October 17, 2005)

Astra Graphia Tbk. (Released: October 04, 2005)

Bank Pan Indonesia Tbk. (Released: October 03, 2005)

Federal International Finance (Released: October 03, 2005)

Rajawali Citra Televisi Indonesia (Released: October 17, 2005)

PEFINDO affirmed its ratings of “_idA-” for PT Rajawali Citra Televisi Indonesia (RCTI or the Company)

Leighton Contractors Indonesia (Released: October 17, 2005)

PEFINDO assigned a corporate rating of “_idA-” to PT Leighton Contractors Indonesia (LGCI or the Company).

Astra Graphia Tbk. (Released: October 04, 2005)

PEFINDO reaffirmed “_idA-” ratings for PT Astra Graphia Tbk. (ASGR or the Company) and the Company’s Bond I/2003

Bank Pan Indonesia Tbk. (Released: October 03, 2005)

PEFINDO affirmed its ratings of “_idA-” for PT Bank Pan Indonesia Tbk (PNBN or the Bank)

Federal International Finance (Released: October 03, 2005)

PEFINDO affirmed its ratings for PT Federal International Finance (FIFN or the Company) at “_idA+“.

Bond / MTN (September 30, 2005)

Corporate Rating (General Obligation) (September 30, 2005)

Delisting (January - December 2003)

Withdrawn Rating (September 30 , 2005)

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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.