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Federal Finance obtained an “AAA” rating and a Stable outlook

10 November 2021 14:27

JAKARTA – PT Federal International Finance (FIFA), a financing company, received an “AAA (idn)” or triple A (idn) from PT Fitch Ratings Indonesia (Fitch) for the next year.

In the information disclosure quoted Wednesday (10/11), Theodorus Indra Surya Putra, Corporate Secretary of Federal International Finance, confirmed that his company had been granted an “AAA” rating and a Stable outlook for four of its bonds maturing next year.

The debt securities in question include the Shelf-Registration Bond III Phase V 2019 Series B of IDR 1.36 trillion, maturing on March 12, 2022, and the Shelf-Registration Bond IV Phase II 2020 Series B of IDR 645.44 billion due October 7, 2021. Moreover, there are also the Shelf-Registration Bond V Phase I 2021 Series A of IDR 628 billion, maturing on June 18, 2022, and the Shelf-Registration Bond V Phase I 2021 Series B of IDR 872 billion, maturing on June 8, 2024.

Iwan Wisaksana, Director of Fitch Ratings Indonesia, announced that Fitch affirmed the long-term national rating at “AAA (idn)” and a Stable outlook, the short-term national rating at “F1+(idn)”, and long-term national ratings for senior bonds. (LK/ZH)

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