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Fitch affirms Excelcomindo
Fitch Ratings said it affirmed PT Excelcomindo Pratama Tbk's national long-term rating at AA(idn), along with the AA(idn) rating on its outstanding Rp1.5 trillion senior unsecured notes.
The outlook is stable.
The ratings reflect the company's entrenched position in the Indonesian cellular sector, high operating profitability and robust growth prospects, Fitch said.
The ratings are constrained by persistent regulatory uncertainty, high capital expenditure levels and the political, social and economic risks inherent in Indonesia, the agency said.
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