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Fitch affirms Berlina
Fitch Ratings said it affirmed PT Berlina Tbk.'s national long-term rating at BBB(idn).
The outlook is stable.
The rating reflects Berlina's expertise in plastic packaging, robust industry dynamics, exposure to established customers and sound credit profile, Fitch said.
Berlina's revenues will continue to benefit from the growing fast-moving consumer goods and food and beverage markets in both Indonesia and China, the agency said.
The ratings are constrained by Berlina's limited scale and the capital-intensive nature of its business, Fitch said.
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