Fitch Ratings places Indosat on negative watch amid planned merger

Fitch Ratings has said it may downgrade PT Indosat Ooredoo's credit rating because of the possibility of decreased financial support from a major shareholder, following the publicly listed telecommunications company's announcement of a planned merger with competitor PT Hutchison 3 Indonesia. Fitch wrote in a commentary on Tuesday that it had placed Indosat’s “BBB” long-term foreign and local-currency issuer default rating (IDR) and its foreign-currency senior unsecured bond rating on negative credit watch, signaling a potential downgrade.

September 24 2021, The Jakarta Post - Read 42 times

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