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Fitch rates Federal International bonds AAA(idn)
Fitch Ratings said it assigned PT Federal International Finance's first tranche of bonds issued under its Rp 10 trillion program a rating of AAA(idn).
Federal issued Rp 628 billion of 4.6% 370 day bonds due and Rp 872 billion of 6¼% three-year bonds.
The AAA national long-term ratings denote Fitch’s highest rating assigned in its national rating scale for that country.
The outlook is stable.
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