"The rating will be carried out by PT Perusahaan Pemeringkat Efek Indonesia (Pefindo)," State Enterprises Minister Dahlan Iskan said here on Tuesday.
All state-owned companies (BUMNs) will be rated except those that have gone public, he said.
Dahlan said the policy was taken so that their financial performance, business prospects, management, competitiveness and capability to create an added value could be evaluated.
"With the rating the state-enterprises ministry would not longer conduct corporate intervention as now they have already had a reference to look to to improve their performance," he said.
He assured with the rating his office would no longer frequently urge state-owned company management to improve their performance as they would automatically be motivated to do so by the system.
"By implementing professional management BUMN managers would no longer be scolded, criticized when running the companies," he said.
He said the rating could also be used by investors to evaluate a company.
"Directors or commissioners would by themselves be able to know how high is their company`s rating including their capability in managing a company," he said.
At present there are 141 BUMNs in the country and 18 of them have gone public.(*)
R017/H-YH/HAJM
Editor: Jafar M Sidik
Copyright © ANTARA 2012
