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Ratings Report

Ratings Report

Peringkat Kredit adalah opini PEFINDO atas kelayakan kredit atas suatu obligor, atau kelayakan kredit obligor terkait suatu surat utang atau kewajiban keuangan lainnya.

Ratings Report

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Arpeni Pratama Ocean Line, Tbk.

(APOL)

Corporate Rating/Outlook idA Stable Updated on 22 Aug 2007

Press Release

To
Release Date Title
30 Aug 2005 PEFINDO affirmed its ratings of "idA-" for PT Arpeni Pratama Ocean Line (APOL or the Company) and the Company's bond I/2003 of IDR171 billion.
29 Aug 2006 PEFINDO affirmed its "idA-" ratings for PT Arpeni Pratama Ocean Line (APOL or the Company) and the Company's Bond I/2003 of IDR171 billion due October 2008.
22 Aug 2007 PEFINDO upgraded ratings for PT Arpeni Pratama Ocean Line (APOL or the Company) and the Company's Bond I/2003 of IDR171 billion due October 2008 to "idA" from "idA-".
25 Jan 2008 PEFINDO reaffirmed "idA" ratings for PT Arpeni Pratama Ocean Line Tbk.
20 Jun 2008 PEFINDO assigned "idA(sy)" rating for PT Arpeni Pratama Ocean Line Tbk's proposed Syariah Ijarah Medium Term Notes.
26 Sep 2008 PEFINDO affirmed "idA" rating for PT Arpeni Pratama Ocean Line Tbk's Bond I/2003 amounting to IDR171 billion that due on October 2, 2008.
21 Jul 2009 PEFINDO downgraded the ratings of PT Arpeni Pratama Ocean Line Tbk to "idA-"
16 Nov 2009 PEFINDO put the corporate rating of PT Arpeni Pratama Ocean Line Tbk at "idSD" on account of a missed coupon payment of its guaranteed secured notes amounting to around USD6.16 million due on November 3, 2009.
17 Dec 2009 PEFINDO revised the corporate rating of PT Arpeni Pratama Ocean Line Tbk to "idBB" from "idSD" following the coupon payment on its guaranteed secured notes amounting to around USD6.16 million on 3rd November, 2009.
14 Jan 2010 PEFINDO downgraded the corporate rating of PT Arpeni Pratama Ocean Line Tbk to "idSD" from "idBB" following the suspension of the principal installment to several creditors.
21 Apr 2010 PEFINDO reassigned the corporate rating of PT Arpeni Pratama Ocean Line Tbk (APOL or the Company) at "idSD".
20 Jul 2010 PEFINDO reaffirmed "idSD" rating for PT Arpeni Pratama Ocean Line Tbk, "idCCC" rating for its bonds and "idCCC(sy)" for its Syariah Ijarah Medium Term Notes.
21 Sep 2010 PEFINDO downgraded the rating of PT Arpeni Pratama Ocean Line Tbk's bond II/2008 to "idD" from "idCCC".
1 Oct 2010 PEFINDO revised the rating of PT Arpeni Pratama Ocean Line Tbk's bond II/2008 to "idCCC" from "idD" as on September 29th, 2010 the Company paid the tenth coupon of the bond.
22 Dec 2010 PEFINDO downgraded the rating of PT Arpeni Pratama Ocean Line Tbk's bond II/2008 to "idD" from "idCCC".
5 Jan 2011 PEFINDO downgraded the ratings of PT Arpeni Pratama Ocean Line Tbk and its Syariah MTN to "idD" and "idD(sy)" from "idSD" and "idCCC(sy)".
5 Jun 2012 As of June 4, 2012, PEFINDO terminated the rating agreement with PT Arpeni Pratama Ocean Line Tbk (the Company).

Rating Rationale

To
Release Date Title
30 Aug 2005 PEFINDO affirmed its ratings of "idA-" for PT Arpeni Pratama Ocean Line (APOL or the Company)
22 Aug 2007 PEFINDO upgraded ratings for PT Arpeni Pratama Ocean Line (APOL or the Company)
25 Jan 2008 PEFINDO reaffirmed "idA" ratings for PT Arpeni Pratama Ocean Line Tbk (APOL or the Company)
20 Jun 2008 PEFINDO assigned "idAsy" rating for PT Arpeni Pratama Ocean Line Tbk (APOL or the Company)
21 Jul 2009 PEFINDO downgraded the ratings of PT Arpeni Pratama Ocean Line Tbk (APOL or the Company)
14 Jan 2010 PEFINDO downgraded the corporate rating of PT Arpeni Pratama Ocean Line Tbk (APOL or the Company)
21 Apr 2010 PEFINDO reassigned the corporate rating of PT Arpeni Pratama Ocean Line Tbk (APOL or the Company)
20 Jul 2010 PEFINDO reaffirmed "idSD" rating for PT Arpeni Pratama Ocean Line Tbk (APOL or the Company)
1 Oct 2010 PEFINDO revised the rating of PT Arpeni Pratama Ocean Line Tbk (APOL or the Company)
5 Jan 2011 PEFINDO downgraded the ratings of PT Arpeni Pratama Ocean Line Tbk (APOL or the Company)