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Fitch cuts Ciputra Residence
Fitch Ratings said it downgraded PT Ciputra Residence’s (CTRR) national long-term rating to A(idn) from A+(idn).
“The downgrade of CTRR’s national long-term rating follows our assessment of the company’s weakening credit profile relative to its nationally rated peers,” Fitch said in a press release.
The outlook is negative.
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