Fitch rates Sarana Multi Infrastruktur's notes BBB

Fitch Ratings said it assigned PT Sarana Multi Infrastruktur (Persero)'s (BBB/AAA(idn)/stable) $2 billion euro medium-term note program and proposed U.S. dollar senior unsecured notes a rating of BBB.

SMI is an Indonesian state-owned enterprise. Its key mission is to support the country's infrastructure development by extending financing to infrastructure projects and providing financial, investment and training advisory services for public-private partnership projects.

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