Fitch rates Federal International bonds AAA(idn)

Fitch Ratings said it assigned PT Federal International Finance's (BBB-/AAA(idn)/stable) proposed up to Rp 2.5 trillion senior unsecured bonds a national long-term rating of AAA(idn).

Proceeds will be used to support the company's business expansion.

The agency said the bonds are rated at the same level as the company’s national long-term rating in line with Fitch's criteria.

The national long-term rating reflects an expectation that the company will continue to benefit from strong support and commitment from its parent, PT Astra International Tbk., in times of need, Fitch 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.