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Multipolar Tbk PT (MLPL.BE)

MLPL.BE on Berlin Stock Exchange

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19 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Fitch Downgrades Multipolar to 'B-'/'BBB-(idn)'; Outlook Stable

(The following statement was released by the rating agency) SINGAPORE/JAKARTA, June 23 (Fitch) Fitch Ratings has downgraded Indonesian holding company PT Multipolar Tbk's Long-Term Issuer Default Rating to 'B-' from 'B'. The Outlook is Stable. The agency has also downgraded Multipolar's senior unsecured rating and USD230 million notes due 2018 to 'B-' from 'B', with Recovery Rating of 'RR4'. The notes were issued by Pacific Emerald Pte Ltd, a wholly owned subsidiary, and guaranteed by Multipolar