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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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Pabrik Kertas Tjiwi Kimia, Tbk.

(TKIM)

Corporate Rating/Outlook idBBB- Stable Updated on 27 Dec 2007

Press Release

To
Release Date Title
21 Sep 2006 PEFINDO assigned "idBBB-" ratings for PT Pabrik Kertas Tjiwi Kimia Tbk. (TKIM or the Company).
27 Dec 2007 PEFINDO affirmed "idBBB-" ratings for PT Pabrik Kertas Tjiwi Kimia Tbk. and the Company's Bonds.
29 Oct 2008 PEFINDO upgraded ratings for PT Pabrik Kertas Tjiwi Kimia Tbk. and the Company's Bonds to "idBBB" from "idBBB-".
27 Oct 2009 PEFINDO put the corporate rating of PT Pabrik Kertas Tjiwi Kimia Tbk. (TKIM or the Company) to "idSD" due to payment suspension to its international creditors that participated in Master Restructuring Agreement (MRA).
12 Oct 2010 PEFINDO reaffirmed the corporate rating of PT Pabrik Kertas Tjiwi Kimia Tbk (TKIM or the Company) at "idSD" due to continued payment suspension to its international creditors that participated in Master Restructuring Agreement (MRA).
6 Oct 2011 PEFINDO affirmed its corporate rating of PT Pabrik Kertas Tjiwi Kimia Tbk. at "idSD" due to continued payment suspension to the Company's international creditors that participated in Master Restructuring Agreement (MRA) since April 2009.
10 Oct 2012 PEFINDO withdrew Tjiwi Kimia's ratings upon the Company's request.

Rating Rationale

To
Release Date Title
21 Sep 2006 PEFINDO assigned "idBBB-" ratings for PT Pabrik Kertas Tjiwi Kimia Tbk. (TKIM or the Company)
27 Dec 2007 PEFINDO affirmed "idBBB-" ratings for PT Pabrik Kertas Tjiwi Kimia Tbk. (TKIM or the Company) and the Company's Bond I/A amounting to IDR58.68 billion due in October 2014 and Bond I/B amounting to IDR 100 billion due in October 2017.
29 Oct 2008 PEFINDO upgraded ratings for PT Pabrik Kertas Tjiwi Kimia Tbk. (TKIM or the Company)
27 Oct 2009 PEFINDO put the corporate rating of PT Pabrik Kertas Tjiwi Kimia Tbk. (TKIM or the Company) to "idSD"
12 Oct 2010 PEFINDO reaffirmed the corporate rating of PT Pabrik Kertas Tjiwi Kimia Tbk. (TKIM or the Company)
6 Oct 2011 PEFINDO affirmed its corporate rating of PT Pabrik Kertas Tjiwi Kimia Tbk. (TKIM or the Company)