Angkasa Pura II was Assigned AAA Rating by Fitch & Pefindo

Indonesia airport operator, Angkasa Pura II has been assigned a National Long-Term rating of AAA(idn) with a stable outlook by Fitch Ratings Indonesia and idAAA/Stable by Pefindo. The similar rating also assigned for its proposed IDR2trn unsecured bond. It also benefits from a higher approved tariff for 2016, which will drive aeronautical revenue growth, and planned expansion to meet increased air travel demand in Indonesia. The ratings also incorporate higher forecast debt-funded capex over the next five years.

Fitch Rates Sritex’s Proposed US Dollar Notes A+(idn)

Six SOEs on Positive Outlook at Fitch; 1 Rating Upgrade at Pefindo

Indonesia Sinar Mas Multifinance Assigned at A- (idn) by Fitch

Muted Reaction on Outlook Upgrade by Fitch

Fitch Affirms Indonesia Ratings at BBB-/Stable