Fitch Affirms Astra Otoparts at 'AA-(idn)'; Outlook Stable

Newswire

(The following statement was released by the rating agency) JAKARTA, July 17 (Fitch) Fitch Ratings Indonesia has affirmed PT Astra Otoparts Tbk's (AUTO) National Long-Term Rating at 'AA-(idn)'. The Outlook is Stable. At the same time, the agency affirmed the company's IDR800 billion medium-term notes (MTN) at 'AA-(idn)'. AUTO's rating is underpinned by its robust business profile and solid credit metrics. It has a diverse range of products, strong brand image and earnings diversification ...

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