TEXT-Fitch ups CSM Corporatama to 'CCC(idn)' & drops ratings

Newswire

(The following statement was released by the ratings agency) Nov 24 - Fitch Ratings has today upgraded PT CSM Corporatama's [CSMPT.UL] (Indorent) National Long-term rating to 'CCC(idn)' from 'CC(idn)', and simultaneously removed it from Rating Watch Negative (RWN). The Outlook is Stable. Fitch has also withdrawn this rating, as well as the 'CC(idn)' ratings on Indorent's Rupiah bonds -Series B Bond I and Islamic Bond I - following the repayment of these bonds upon maturity in November ...

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