Fitch rates JACCS MPMF bonds AA(idn)

Fitch Ratings Indonesia published the national long-term rating of AA(idn) on PT JACCS Mitra Pinasthika Mustika Finance Indonesia's (JACCS MPMF, AA(idn)/stable) third tranche of bonds issued under its first bond program.

The bonds consist of the following:

• Series A: IDR 150 billion of 6.7% bonds with a tenor of 370 days, due April 2025; and

• Series B: IDR 350 billion of 7¼% bonds due April 2027.

JACCS MPMF's national long-term rating is derived from Fitch’s expectation of extraordinary support from the parent, JACCS Co., Ltd., if needed.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.