Fitch pulls Buana Lintas Lautan note rating

Fitch Ratings said it withdrew the expected B+ rating with a recovery rating of RR4 assigned to PT Buana Lintas Lautan Tbk.’s proposed dollar-denominated senior unsecured notes.

The agency said the company has not proceeded with the offering within the previously envisaged timeline.

The expected rating on the proposed notes was assigned on 13 May 2019.

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