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. - Courtesy of Indosat
JAKARTA (The Jakarta Post/Asia News Network): 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 (Sept 21) 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, signalling a potential downgrade.
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