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Published on 3/27/2019 in the Prospect News Emerging Markets Daily.

Fitch revises ratings on Indonesia companies

Fitch Ratings said it revised the ratings on non-financial companies following the recalibration of its Indonesian national rating scale.

The recalibration reflects changes in the relative creditworthiness among the country's issuers following the upgrade of the Indonesia sovereign's long-term issuer default rating to BBB from BBB- in December 2017.

PT Profesional Telekomunikasi Indonesia's national long-term rating was revised to AA+(idn) from AAA(idn) and its national senior unsecured debt rating was revised to AA+(idn) from AAA(idn).

PT Sinar Mas Agro Resources and Technology Tbk.'s national long-term rating was revised to AA-(idn) from AA(idn) and its national senior unsecured debt was revised to AA-(idn) from AA(idn).

PT Ivo Mas Tunggal's national long-term rating was revised to AA-(idn) from AA(idn).

PT Sawit Mas Sejahtera's national long-term rating was revised to AA-(idn) from AA(idn).

PT Wijaya Karya (Persero) Tbk.'s national long-term rating was revised to AA-(idn) from AA(idn).

PT Chandra Asri Petrochemical Tbk.'s national long-term rating was revised to A+(idn) from AA-(idn).

PT Japfa Comfeed Indonesia Tbk.'s national long-term rating was revised to A+(idn) from AA-(idn) and its national senior unsecured debt was revised to A+(idn) from AA-(idn).

PT Tower Bersama Infrastructure Tbk.'s national long-term rating was revised to A+(idn) from AA-(idn) and its national senior unsecured debt was revised to A+(idn) from AA-(idn).

PT Pan Brothers Tbk.'s national long-term rating was revised to A-(idn) from A(idn).

PT Berlina Tbk.'s national long-term rating was revised to BBB+(idn) from A-(idn).

PT Multipolar Tbk.'s national long-term rating was revised to BB(idn) from BB+(idn).


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