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Adira Rank Up So AA

Jakarta (ANTARA) - Indonesian credit rating (Outlook) raise the finance company ratings Multifinance Tbk PT Adira Dinamika (ADMF) becomes idAA-idAA than previously.

The increase is also valid for the company II/2006 bonds amounting to Rp180 billion and Rp500 billion bond III/2009 with the prospect of such ratings is stable.

Analyst Outlook Danan ditto & Dimas Aditya said in a press release Monday, the ratings reflect the company's business position is very good in the industry, a diversified business portfolio with a good, strong financial indicators, and also support from the parent of PT Bank Danamon Indonesia Tbk (BDMN ) was the majority shareholder.

However, this rating is limited by the restricted level of competition in the industry. At the end of 2009, the shareholding company owned by BDMN at 95 percent, Adira Dinamika Asuransi 0.44 percent, and the public amounted to 4.56 percent.