Fitch affirms Excelcomindo

Fitch Ratings said it affirmed PT Excelcomindo Pratama Tbk's national long-term rating at AA(idn), along with the AA(idn) rating on its outstanding Rp1.5 trillion senior unsecured notes.

The outlook is stable.

The ratings reflect the company's entrenched position in the Indonesian cellular sector, high operating profitability and robust growth prospects, Fitch said.

The ratings are constrained by persistent regulatory uncertainty, high capital expenditure levels and the political, social and economic risks inherent in Indonesia, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.