Fitch rates Metrodata bond BBB+(idn)

Fitch Ratings said it assigned PT Metrodata Electronics Tbk a BBB+(idn) national long-term rating, along with a BBB+(idn) rating to its Rp90 billion Islamic bond I due in July 2013.

The outlook is stable.

The ratings reflect Metrodata's established operational track record in Indonesian IT distribution and IT solution services, Fitch said.

The ratings also acknowledge the company's low leverage, with net debt-to-EBITDAR ratio below 1.5x during the past five years, except in 2007 when its leverage reached 2.1x due to higher working capital requirements, the agency said.

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