Fitch pulls Sawit Sumbermas ratings

Fitch Ratings said it withdrew PT Sawit Sumbermas Sarana Tbk.’s long-term foreign-currency issuer default rating of CCC+ and the CCC+/RR4 rating on the $300 million 7¾% senior notes due 2023 issued by its subsidiary, SSMS Plantation Holdings Pte. Ltd.

Fitch simultaneously withdrew Sawmit Sumbermas’ national long-term rating of BB-(idn)/stable.

Fitch withdrew the ratings because the company stopped participating in the rating process, the agency said.

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