Fitch rates Federal rupiah bonds AAA(idn)

Fitch Ratings said it rated PT Federal International Finance’s tranche of rupiah-denominated senior unsecured bonds AAA(idn.).

The tranche consists of Rp 1.193 trillion of 3½% bonds due April 2023 and Rp 807 billion of 5.6% bonds due March 2025.

“The unsecured bonds are rated at the same level as FIF's national long-term rating in accordance with Fitch's criteria, as they represent FIF's direct and unsecured obligations and rank pari passu with its other obligations in the same debt class,” the agency said in a press release.

The outlook is stable.

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