Fitch rates Jaccs bonds AA

Fitch Ratings said it assigned an AA(idn) rating to Jaccs Mitra Pinasthika Mustika Finance Indonesia's series A tranche of Rp 100 billion of 4¾% bonds due August 2023 and series B tranche of Rp 500 billion of 7.4% bonds due Aug. 25, 2025.

“Jaccs Mpmf's bonds are rated at the same level as its national long-term rating, in line with Fitch's criteria, as the bonds represent the company's direct, senior obligations and rank equally with all its other senior obligations,” the agency said in a press release.

The outlook is stable.

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