Fitch lifts Wahana Ottomitra Multiartha

Fitch Ratings said it upgraded Wahana Ottomitra Multiartha Tbk.'s (WOMF) national long-term rating and local-currency issues to AA(idn) from AA-(idn)

“The upgrade reflects our view of a higher probability of extraordinary support from its largest shareholder, if needed, and a lower likelihood that the parent will sell its stake in WOMF,” the agency said in a press release.

The outlook is stable.

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