Reuters: Bankruptcy News: TEXT-S&P affirms Telkomsel 'BBB-' rating with stable outlook

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TEXT-S&P affirms Telkomsel 'BBB-' rating with stable outlook Sep 24th 2012, 09:26 Mon Sep 24, 2012 5:26am EDT -- On Sept. 14, 2012, an Indonesian court declared Telkomsel bankrupt in a dispute with a supplier over a small amount. -- We understand that the Indonesia-based wireless operator can continue its normal operations and meet all its obligations under the watch of court-appointed curators. -- We assume Telkomsel will succeed in its appeal to get the bankruptcy ruling reversed in the Supreme Court. -- We are affirming our 'BBB-' long-term corporate credit rating on Telkomsel with a stable outlook. On Sept. 24, 2012, Standard & Poor's Ratings Services affirmed its 'BBB-' long-term corporate credit rating on Indonesia-based wireless operator PT Telekomunikasi Selular (Telkomsel). The outlook is stable.

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