TEXT-Fitch assigns PT SMS Finance 'BBB+(idn)' national rating


(The following statement was released by the rating agency) June 30 - Fitch Ratings has today assigned PT Sinar Mitra Sepadan (SMS) Finance a 'BBB+(idn)' National Long-term rating. The Outlook is Stable. The rating takes into account SMS's focus on used-car financing, its experienced management team and its relatively good asset quality, despite some weakening since Q408. Any significant deterioration of asset quality or funding condition is likely to exert downward pressure on its ...

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