Fitch rates Federal International bonds AAA (idn)

Fitch Ratings said it assigned AAA (idn) ratings to PT Federal International Finance's proposed rupiah senior bonds. Fitch rates Federal International BBB/AAA(idn).

The agency assigned the ratings to bonds sold from the fourth senior bond program of up to Rp 15 trillion, bonds issued under the second tranche of the above program with a maturity of up to three years and the proposed bond issuance under the second tranche will be up to Rp 2 trillion in size.

The proceeds will be used to support the company's growth.

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