Ratings agency Fitch gives national rating to AA + long-term sustainability of senior bonds issued by PT BCA Finance (BCAF). The maximum bond amount to Rp 3.5 trillion. Bonds under this program are expected to be issued within a period of 2 years since the program was launched.
According to information from Fitch Ratings on Wednesday (4/11/2012) in Jakarta, the ratings agency also gave the National Long-term ratings on the senior bonds AA + BCAF first phase in 2012, issued under the continuous bond with the maximum amount of Rp 1.5 trillion by maximum period of four years.
The ratings reflect the strong support and BCAF relations with shareholders, PT Bank Central Asia Tbk, BCA, which ranked AAA, and the strategic interests of the group. Support BCA is realized by the use of the same name as BCAF, provision of funds and operational alignment. An indication of changes in the support of the BCA could lead to changes in national rankings BCAF.
Founded in 1981, BCAF is one of the largest finance company in Indonesia, with a focus on car financing.