Fitch rates Tunas Baru Lampung bonds B+

Fitch Ratings said it rated PT Tunas Baru Lampung Tbk.’s proposed dollar bonds B+ with an RR4 recovery rating. The proposed bonds will be guaranteed by all of the company’s majority-owned operating subsidiaries.

Fitch’s issuer rating Tunas Baru Lampung is B+.

The proceeds will be used mainly to refinance debt.

The outlook is negative.

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