Fitch gives AA-(idn) to WOMF bonds

Fitch Ratings Indonesia said it assigned ratings AA-(idn) national long-term ratings to PT Wahana Ottomitra Multiartha Tbk.'s (WOMF; AA-(idn)/stable) proposed senior unsecured bonds with a maturity of 370 days and a maturity of three years.

The bonds will be issued under the third tranche of WOMF's second bond program.

The bond issuance will be up to Rp 1 trillion in size and the proceeds will be used to support the company's working capital requirements.

Fitch said the senior unsecured bonds are rated at the same level as WOMF's national long-term rating in accordance with the agency’s criteria.

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