Fitch affirms Indosat

Fitch Ratings said it affirmed PT Indosat Tbk's long-term foreign-currency and local-currency issuer default ratings at BB-, along with the BB- ratings its senior unsecured notes program.

The outlook is stable.

Indosat's ratings reflect its position in the Indonesian telecommunications sector as the second-largest provider of cellular and international direct-dialing services, Fitch said.

However, the company's weakened operating profile the cellular business is a significant concern, given that it is the mainstay of Indosat's consolidated profile, the agency added.

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