Fitch gives Mandiri AA(idn)

Fitch Ratings said it has assigned PT Mandiri Tunas Finance a national long-term rating of AA(idn) with stable outlook.

The rating reflects strong linkage and continued support from majority shareholder, PT Bank Mandiri (Persero) Tbk (BBB-/stable), which owns 51% of the company, the agency said.

Mandiri continues to support the funding of its subsidiaries through a joint financing scheme where Mandiri assumes the bulk of the credit risk, Fitch noted.

© 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.