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Fitch rates JACCS MPMF bonds AA(idn)
Fitch Ratings Indonesia published the national long-term rating of AA(idn) on PT JACCS Mitra Pinasthika Mustika Finance Indonesia's (JACCS MPMF, AA(idn)/stable) third tranche of bonds issued under its first bond program.
The bonds consist of the following:
• Series A: IDR 150 billion of 6.7% bonds with a tenor of 370 days, due April 2025; and
• Series B: IDR 350 billion of 7¼% bonds due April 2027.
JACCS MPMF's national long-term rating is derived from Fitch’s expectation of extraordinary support from the parent, JACCS Co., Ltd., if needed.
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