Fitch affirms Pelindo III at BBB-

Fitch Ratings said it affirmed PT Pelabuhan Indonesia III (Persero)'s (Pelindo III) long-term foreign-currency issuer default rating at BBB-.

The outlook is stable.

Fitch said the ratings are one notch below the rating of Pelindo III's 100% shareholder, the Republic of Indonesia (BBB/stable), in line with Fitch's government-related entities rating criteria, which takes into consideration the strength of linkages between Pelindo III and the government, as well as the government's incentive to provide support to Pelindo III.

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