Fitch rates Lippo Karawaci notes BB-

Fitch Ratings said it assigned PT Lippo Karawaci Tbk's proposed 6 1/8% 2020 notes an expected BB- rating.

The agency said the notes would be issued by Theta Capital Pte. Ltd. and guaranteed by Lippo Karawaci. The notes will be issued as a tap to the existing $273.3 million notes that share the same coupon and maturity.

The expected rating is in line with the company's long-term foreign and local currency issuer default ratings and senior unsecured rating of BB-.

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