BCAF

AcronymDefinition
BCAFBayou City Art Festival
BCAFBulgarian Charities Aid Foundation (philanthropy organization)
BCAFBattersea Contemporary Art Fair (UK)
BCAFBurngreave Community Action Forum (UK)
BCAFBlair County Arts Foundation (Altoona, PA)
BCAFBladder Cancer Angiogenic Factor
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References in periodicals archive ?
"The upgrade is driven by BCAF's role as a highly important subsidiary of PT Bank Central Asia Tbk (BBCA) as the controlling shareholder.
In February 2007, BCAF issued bonds valued at Rp500 billion with fixed interest rate maturing in 2 to 4 years to strengthen its working capital BCAF has also use funds from HSBC, DBS, Bank Buana, Chinatrust, NISP and Bank Mandiri.
BCAF's National Ratings reflect Fitch's expectation of a strong probability of support from its parent in times of need.
BCAF's senior bonds are rated at the same level as its National Long- and Short-Term Ratings in accordance with Fitch criteria.
Any significant dilution in BCA's ownership or perceived weakening of support for its subsidiary would exert downward pressure on BCAF's ratings, including the possibility of multi-notch downgrades.
Any changes in BCAF's National Long- and Short-Term Ratings would affect its issue ratings.
The affirmation of BCAF's ratings reflects Fitch's assessment of the continued strong support from and linkage with its shareholder, PT Bank Central Asia Tbk (BCA; AAA(idn)/Stable).
BCAF's ratings reflect Fitch's expectation of a strong probability of support from its parent in times of need, since BCAF is viewed as a core subsidiary supporting BCA's business expansion in Indonesia's consumer financing market.
As an integral part of BCA's consumer business chain, BCAF has an important role in managing BCA's car-loan portfolio, which constituted a significant 37% of BCA's consumer loans at end-2015.
In Fitch's view, strong funding support from its parent will help BCAF sustain its competitive lending rates.
Any significant dilution in BCA's ownership or perceived weakening of support (propensity or ability) would exert downward pressure on BCAF's ratings, including the possibility of multi-notch downgrades.
Simultaneously, the agency set an expected AA+(idn) rating to the company's proposed 370-380 days senior medium-term notes amounting to IDR200bn (USD22.4m/EUR15.8m), in line with BCAF's national long-term rating.