Fitch gives Astra Sedaya bonds AAA(idn)

Fitch Ratings Indonesia said it assigned AAA(idn) national long-term ratings to PT Astra Sedaya Finance's (AAA(idn)/stable) proposed rupiah senior bonds with a maturity of 370 days, bonds with a maturity of three years and bonds with a maturity of five years.

The proposed bond issuance, the third tranche under its existing senior bond program III, will be up to Rp 2.3 trillion in total.

Proceeds will be used to support the company's business growth.

The bonds are rated the same level as Astra Sedaya’s national long-term rating, in line with Fitch criteria.

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