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Published on 3/11/2024 in the Prospect News Emerging Markets Daily.

Fitch lifts Freeport Indonesia

Fitch Ratings said it upgraded PT Freeport Indonesia’s issuer rating and dollar-denominated senior unsecured notes to BBB from BBB-.

The upgrade follows the positive rating action on PTFI's 48.76% shareholder, Freeport-McMoRan Inc. to BBB from BBB- on Thursday, the agency said.

The outlook remains stable.


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