Fitch rates Bussan Auto bond AAA(idn)

Fitch Ratings said it published an AAA(idn) rating on PT Bussan Auto Finance's tranche V senior rupiah bond issuance under its first continuing bond program.

The Rp 775 billion issue is due in March 2025 and carries an annual interest rate of 5.9%.

“The bonds are rated at the same level as BAF's national long-term rating in accordance with Fitch's criteria, as they represent BAF's direct and senior obligations and rank equally with all its other senior obligations,” the agency said in a press release.

The outlook is stable.

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