Fitch rates Astra Sedaya Finance bonds AAA(idn)

Fitch Ratings Indonesia has published the AAA(idn) ratings on PT Astra Sedaya Finance's (ASF, BBB/AAA(idn)/stable) third tranche of bonds issued under its sixth bond program.

The bonds consist of the following:

• Series A: IDR 953.585 billion 6.4% 370-day bonds due May 2025;

• Series B: IDR 1.18169 trillion 6.55% bonds due April 2027; and

• Series C: IDR 364,725 billion 6.65% bonds due April 2029

ASF's national long-term rating is driven by an expectation of a high probability of extraordinary support from its parent, PT Astra International Tbk., if needed.

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