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Prospect News home > News index > List of issuers W > Headlines for Wahana Ottomitra Multiartha Tbk. > News item
Published on 4/8/2022 in the Prospect News Emerging Markets Daily.

Fitch rates Wahana Ottomitra bonds AA-

Fitch Ratings said it published the AA-(idn) national long-term rating on PT Wahana Ottomitra Multiartha Tbk.'s tranche II 2022 bonds under its fourth bond program, consisting of series A of Rp 335 billion of 4¼% bonds with maturity of 370 days due April 2023 and series B of Rp 465 billion of 6.3% bonds due April 2025.

“The bonds will be 60% secured against the company's receivables, but we do not view this as providing credit enhancement as per Fitch's criteria for entities in Indonesia,” the agency said in a press release.

The outlook is stable.


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