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View all search resultsFitch affirms Protelindo's ratings
Fitch Ratings has affirmed Indonesia-based PT Profesional Telekomunikasi Indonesia's (Protelindo) Long-Term Foreign Currency Issuer Default Rating at 'BB', with a positive outlook
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F
itch Ratings has affirmed Indonesia-based PT Profesional Telekomunikasi Indonesia's (Protelindo) Long-Term Foreign Currency Issuer Default Rating at 'BB', with a positive outlook.
The rating agency said the outlook had been revised to positive from stable. Simultaneously, the agency has also affirmed Protelindo's national long-term rating, national senior unsecured rating, and rating on its Rp 1 trillion (US$86 million) senior unsecured bond at 'AA-(idn)'.
The outlook for the national long-term rating has also been revised to positive from stable.
'AA' national ratings denote expectations of very low default risk relative to other issuers or obligations in the same country. The default risk differed only slightly from that of the country's highest rated issuers or obligations, the rating agency said.
