TEXT-Moody's release on PT CSM Corporatama


(The following statement was released by the ratings agency) Oct 30 - PT Moody's Indonesia has downgraded PT CSM Corporatama's (RENT) national scale issuer and bond ratings to Ba3.id from Ba1.id. The ratings are on review for possible further downgrade. "The ratings action mainly reflects the heightened refinancing risk with regard to RENT's IDR 100 billion Series-B and IDR 100 billion Syariah Ijarah bonds due November 11, 2008," says Joko Widodo, Moody's lead analyst for the company, ...

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