Wednesday, March 2, 2011

Fitch rates WOM Finance bond AA

Fitch Ratings has assigned PT Wahana Ottomitra Multiartha Tbk's IDR1.4 triliun one-to-four-year WOM Finance 2011 bond V a final 'AA(idn)' rating.
This follows the completion of the bond issue and receipt of documents conforming to information previously received. The final rating is the same as the expected rating assigned in September 2010.
Established in 1982, WOM Finance is among the five largest motorcycle financing companies in Indonesia by managed receivables.
PT Bank Internasional Indonesia Tbk is the largest shareholder (50.03%), followed by International Finance Corporation (11.97%), PT Wahana Makmur Sejati (16.74%) and DBS Nominees Pte. Ltd. (5%). The remaining 16.26% is publicly held.

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