Fitch changes Pelindo II to positive

Fitch Ratings said it affirmed Indonesia-based port operator PT Pelabuhan Indonesia II (Persero)'s (Pelindo II) long-term foreign-currency issuer default rating at BBB- and revised the outlook to positive.

The agency also affirmed Pelindo II's senior unsecured rating and the rating on its senior unsecured notes of $1.1 billion due 2025 and $500 million due 2045 at BBB-.

The action follows Fitch's Dec. 21 revision of the outlook on Indonesian's sovereign rating to positive from stable.

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