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Published on 2/28/2023 in the Prospect News Emerging Markets Daily.

Fitch rates Protelindo bond BBB

Fitch Ratings said it assigned an AAA(idn) rating to PT Profesional Telekomunikasi Indonesia's (Protelindo) bond issuance of up to Rp 2.9 trillion.

“The issuance is rated at the same level as Protelindo's national long-term rating because the notes represent its senior unsecured obligations,” Fitch said in a statement.

Protelindo will use the proceeds to refinance debt.

The outlook is stable.


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