Fitch rates Protelindo bonds AAA

Fitch Ratings said it assigned PT Profesional Telekomunikasi Indonesia's (Protelindo) planned Rp 5 trillion bond program and the first-phase bond sale of up to Rp 1 trillion under the program national long-term ratings of AAA(idn).

“The issue is rated at the same level as Protelindo's national long-term rating because the notes represent senior unsecured obligations of the issuer,” Fitch said in a press release.

The bonds will have a maximum maturity of up to 2027, and the proceeds will be used to refinance part of Protelindo's debt.

The outlook is stable.

© 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.