Fitch affirms Mayora Indah

Fitch Ratings said it affirmed PT Mayora Indah Tbk.'s national long-term rating at AA(idn).

The outlook is stable.

At the same time, the agency affirmed the AA(idn) national rating of Mayora's Rp 550 billion in unsecured bonds issued under its note program.

“Mayora's rating affirmation reflects the company's ability to maintain strong profitability and cash flow generation, as well as solid liquidity and low leverage,” the agency said in a news release.

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