Fitch rates Protelindo bond AAA

Fitch Ratings said it assigned PT Profesional Telekomunikasi Indonesia Tbk.'s (Protelindo) bond issuance of Rp 1.1 trillion an AAA(idn) national long-term rating. The bonds will be the third phase of issuance from the company's Rp 5 trillion bond program.

“The issuance is rated at the same level as Protelindo's national long-term rating, because the notes represent the company's senior unsecured obligations,” Fitch said in a statement.

Protelindo will use the proceeds to repay 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.