Fitch changes bond rating system

JAKARTA: Fitch Ratings revised its bond rating system for Indonesia market by removing expected ratings and only assigning final rating.Such revision will only applied in Indonesia to meet the applicable regulations and does not affect the determination of the international ratings.National scale rating is a rate in assessing relative credit quality of a company or securities. It is often used by sovereign countries with low-investment level on a global scale.If a company releases shares to local or global market, the determination of international ranking will not be affected by the new practice.To date, Fitch Ratings Indonesia rates 58 Indonesia's publicly-listed companies including 46 national ranks and 29 international ranks.Fitch Ratings has two main offices in New York, US and London, England under Fitch Groups management. It also manages Fitch Solutions who distributes Fitch Ratings products and provides data, analysis and related matters.(T05/NOM)