Fitch rates Maybank Indonesia bonds AA+(idn)

Fitch Ratings Indonesia said it assigned PT Maybank Indonesia Finance's (MIF, AA+(idn)/stable) proposed rupiah senior unsecured bond tranche IV 2017 a national long-term rating of AA+(idn).

Up to Rp 1.2 trillion of bonds will be issued under the bond program, and they will have a maturity of up to five years.

Proceeds will be used to support the company's business growth.

The bonds are rated at the same level as Maybank Indonesia’s national long-term rating in accordance with Fitch’s criteria.

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