RPT-Fitch rates MPM Finance at ‘A-(idn)’; outlook stable
(1101) , the nations biggest shipyard outside state control, said this month its seeking financial help from the government, as the nations shipowners association forecast a slump in vessel orders will run through next year. Macquarie Group Ltd. today lowered its 2013 China growth forecast to 7.3 percent from 7.8 percent, and to 6.9 percent in 2014 from 7.5 percent. The median projection of 56 analysts in a Bloomberg News survey last month was for 7.7 percent expansion this year.
Furthermore, MPM Finance will also be able to rely on capital support, if diperlukanm of MPM if the DER has internal limits exceeded. Additional capital of 100 billion rupiah in January 2013 reflects a commitment to support business growth MPM MPM Finance. Finance MPM focus on financing a used car with high interest rates, resulting in higher profitability compared to competitors who only engaged in financing a new car. ratio net income to total assets and total equity amounted respectively 3.2% and 19.3% at the end of March 2013.