Fitch upgrades three Indonesia telecoms

Fitch Ratings said it upgraded the long-term foreign-currency issuer default ratings of PT Telekomunikasi Selular (Telkomsel) and PT Indosat Tbk (Indosat) to BBB- from BB+, as well as the long-term foreign-currency issuer default rating of PT Telekomunikasi Indonesia Tbk (Telkom) to BB+ from BB. Fitch also said it upgraded Telkomsel's long-term local-currency issuer default rating to BBB from BBB-.

The outlook is stable.

These upgrades follow recent upgrades of Indonesia's sovereign ratings, Moody's 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.