Fitch Affirms Lippo Karawaci at 'BB-'/'A+(idn)'; Outlook Stable

April 1, 2015 7:17 AM

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(The following statement was released by the rating agency) SINGAPORE/JAKARTA/SYDNEY, April 01 (Fitch) Fitch Ratings has affirmed PT Lippo Karawaci Tbk's (Lippo) Long-Term Foreign and Local Currency Issuer Default Ratings (IDR) at 'BB-' with Stable Outlook.

The agency has also affirmed Lippo's senior unsecured rating and outstanding notes at 'BB-' and its National Long-Term Rating at 'A+(idn)' with Stable Outlook. Lippo's rating reflects its strong market position and demonstrated track record in the property development and investment property busines...

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