Fitch rates Protelindo bonds AA-(idn)

Fitch Ratings said it assigned PT Profesional Telekomunikasi Indonesia (Protelindo) a national senior unsecured rating of AA-(idn) and the company's proposed Rp. 2 trillion 2013 bonds a AA-(idn) rating.

The company will use the proceeds to repay its Indonesian Rupiah bank loans and for general corporate purposes.

The bonds are rated at the same level as Protelindo's national long-term rating of AA-(idn) as they constitute direct, unconditional, and senior unsecured obligation of the company. The proposed bonds will rank equally with all the unsecured obligations of the company.

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