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Published on 8/22/2019 in the Prospect News Emerging Markets Daily.

Fitch rates Pengembang Pelabuhan Indonesia AAA(idn)

Fitch Ratings said it gave PT Pengembang Pelabuhan Indonesia a national long-term rating of AAA(idn).

Before the end of the year, the company plans to borrow Rp100 billion through a fixed-rate secured bridge loan and to sell Rp500 billion in fixed-rate unsecured bonds next year.

The company is owned by the state-owned PT Pelabuhan Indonesia II.

The outlook is stable.


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