Mar 2, 2011

WOM Finance bond assigned AA (idn)

Fitch Ratings has assigned PT Wahana Ottomitra Multiartha Tbk's (WOMF, AA(idn)/stable) Rp1.4 trillion 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, WOMF 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.

Disclosure: No position at the stock mentioned above.
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