Fitch rates Wahana Ottomitra bonds AA(idn)

Fitch Ratings said it published AA(idn) national ratings to PT Wahana Ottomitra Multiartha Tbk.'s (AA-(idn)/stable) proposed rupiah bonds.

The bond issuance will be up to Rp 800 billion in size and the proceeds will be used to support the company's working capital requirements.

“AA national ratings denote expectations of low default risk relative to other issuers or obligations in the same country,” the agency said in a news release.

“However, changes in circumstances or economic conditions may affect the capacity for timely repayment to a greater degree than is the case for financial commitments denoted by a higher rated category.”

© 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.