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Berlian Laju Tanker Tbk.
Released : March 17, 2010 PEFINDO reaffirmed the rating of “idA” with “Stable” Outlook for PT Berlian Laju Tanker Tbk (BLTA or the Company)’s Bond IV/A/2009 of IDR60 billion that due in May 28, 2010.
The Company will repay the maturing bonds using internal cash. At end of September 2009, the Company reported total cash of USD87.71 million and short-term investment of USD194.23 million.
BLTA is a shipping company, which focuses on shipment of liquid products (chemicals, oil, gas and edible oil) throughout Asia, Middle East, Europe, South and North America. BLTA is a public company listed at the Indonesia Stock Exchange and the Singapore Stock Exchange. The Company’s current shareholders consist of PT Tunggaladhi Baskara (53.34%) and public (46.66%). BLTA owns 44 chemical tankers, 13 oil tankers, 12 gas tankers, 1 FPSO tanker and 22 charter vessels. Rating Period: March 9, 2010 – May 28, 2010
Contact Analyst: Ronald Hertanto & Vonny Widjaja
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