Fitch rates Bank Tabungan bond AA-(idn)

Fitch Ratings said it assigned PT Bank Tabungan Pensiunan Nasional Tbk's bond a final national long-term rating of AA-(idn).

The bond is issued under the bank's first bond program amounting to Rp 500 billion of up to five-year senior bonds.

This follows the completion of the bond issue and receipt of documents conforming to information previously received. The final rating is the same as the expected rating assigned in April, Fitch said.

The bank is a medium-size publicly listed bank with a focus on the pension market, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.