Fitch affirms Serasi Autoraya

Fitch Ratings said it affirmed PT Serasi Autoraya's national long-term rating at AA-(idn) with a stable outlook.

The agency also affirmed the national long-term rating of its Rp 500 billion tranche I bonds issued under a program at AA-(idn).

“SERA's rating reflects the company's strong rental-business profile, solid funds from operations (FFO) margin and moderate leverage,” the agency said in a news release.

Fitch also said the rating benefits from a one-notch uplift from the company's standalone credit profile due to an assessment of moderate strategic and operational linkages with its parent, PT Astra International Tbk., based on Fitch’s criteria.

© 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.