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Tag Archives: IDR

Minna Padi Sekuritas to acquire 51 percent of Bank Muamalat

IDX-listed Minna Padi Investama Sekuritas announced on Monday saying that it is planning to acquire a majority stake in Bank Muamalat. The securities firm is said to be a standby buyer and will use IDR 4.5 trillion (about US$333 million) to purchase Bank Muamalat’s 80 billion extended new shares. Minna ... Read More »

Fitch Ratings affirms Bharti Airtel’s Foreign Currency IDR at ‘BBB-’

Credit rating agency, Fitch Ratings has affirmed Bharti Airtel’s Long Term Foreign Currency Issuer Default Rating (IDR) and senior unsecured rating at ‘BBB-’. The outlook on the IDR is stable. The company’s ‘BBB-’ rating reflects its established market leadership in the Indian wireless services industry. The agency has also affirmed ... Read More »