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Fitch rates Hino bonds AAA
Fitch Ratings said it assigned AAA(idn) ratings to Hino Finance Indonesia’s second bond offering and placed the rating on rating watch negative. The agency placed the ratings on RWN on June 14.
The ratings are the same as Fitch’s on Hino’s outstanding local-currency bonds.
The offering consists of Rp 366 billion of 5.85% bonds due July 2024 and Rp 334 billion of 6¾% bonds due July 2026.
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