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Prospect News home > News index > List of issuers L > Headlines for Lestari Banten Energi (PT) > News item |
Fitch rates Lestari Banten notes BBB-
Fitch Ratings said it assigned the proposed notes of up to $800 million due 2038 guaranteed by PT Lestari Banten Energi an expected rating of BBB-.
The proposed debt securities will be issued by LLPL Capital Pte. Ltd., which is wholly owned by Lestari Listrik Pte. Ltd.
The outlook is stable.
“The expected rating is underpinned by the high degree of visibility of the revenue stream under LBE's 25-year power-purchase agreement (PPA) with PT Perusahaan Listrik Negara (Persero) (PLN; BBB/stable) expiring in 2042, pass-through of fuel costs to PLN, the use of commercially proven technology and an experienced in-house management team,” the agency said in a news release.
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