Danamon Ranked idAA+

VIVAnews - PT Bank Danamon Tbk (BDMN) has been rated idAA+ by PT Pemeringkat Efek Indonesia (Pefindo), an Indonesian ratings agency, over its I/2007 bonds having its outlook as stable. The bonds have constant interest rate.

Bank Danamon management stated the idAA+ securities are supported by solid obligors aiming mainly at meeting the long-term obligation as agreed.

Earlier, based on data of the Indonesian Stock Exchange (IDX), the volume of bond transaction at the secondary market reached between Rp 2.6 trillion (US$225.8 million) and Rp 2.8 trillion.

Meanwhile, bond prices at secondary market in March has increased by one to two percent compared to January 2009.

Director of Fixed Income and Derivative Trade, IDX Membership and Participants, Guntur Pasaribu, said the increase in transaction mainly occurs in state bonds.

"It shows that investors' interest to state bonds increases," he said.

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Translated by: Bonardo Maulana Wahono