Fitch gives KB Finansia bonds AA+

Fitch Ratings said it assigned AA+ (idn) ratings to KB Finansia Multi Finance’s series A 4.7% bonds due August 2023 for Rp 686.4 billion and series B 7.4% bonds for Rp 313.6 billion due July 2025.

“Kbfmf's bonds are rated at the same level as its national long-term rating, in line with Fitch's criteria, as the bonds represent the company's direct, senior obligations and rank equally with all its other senior obligations,” the agency said in a press release.

The outlook is positive.

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