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Prospect News home > News index > List of issuers P > Headlines for Perusahaan Listrik Negara (PLN) > News item |
S&P rates Perusahaan Listrik BB-
Standard & Poor's said it assigned a BB- rating to the proposed senior unsecured notes to be issued by Majapahit Holding BV, a wholly owned subsidiary of PT Perusahaan Listrik Negara (foreign currency BB-/stable, local currency BB/stable).
The notes are irrevocably and unconditionally guaranteed by PLN.
Proceeds from the issue will be used to help fund capital expenditure requirements for the transmission and distribution construction projects and for general corporate purposes.
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