TEXT-Fitch affirms and withdraws MNC Finance's 'BBB-(idn)' rtg

Newswire

(The following statement was released by the ratings agency) July 29 - Fitch Ratings has affirmed MNC Finance's (formerly known as Bhakti Finance) National Long-Term rating at 'BBB-(idn)' with Negative Outlook and simultaneously withdrawn the rating. The rating has been withdrawn as it is no longer considered by Fitch to be relevant to the agency's coverage. The rating reflects Fitch's expectations for loan quality pressures to moderate, on the back of improving asset quality and an ...

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