Fitch rates Hino Finance notes AAA

Fitch Ratings said it gave AAA(idn) ratings to Hino Finance Indonesia’s Rp 175 billion of series A 4½% notes due next August and Rp 525 billion of series B 7% bonds due August 2025.

“HFI's rupiah bonds are rated on a par with its national long-term rating, in line with Fitch's criteria. This is because the instruments represent direct and senior obligations of the company and rank equally with all its other senior obligations,” the agency said in a press release. Hino’s ultimate parent is Toyota Motor Corp.

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