Fitch Affirms Ratings on 3 Indonesian Consumer Finance Companies

April 15, 2015 4:11 AM

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(The following statement was released by the rating agency) JAKARTA, April 15 (Fitch) Fitch Ratings Indonesia has affirmed the National Long-Term Ratings on PT BII Finance Center (BIIF) and PT CIMB Niaga Auto Finance (CNAF) at 'AA+(idn)' and on PT Wahana Ottomitra Multiarta Tbk (WOMF) at 'AA(idn)'.

The agency has also affirmed their National Short-Term Ratings at 'F1+(idn)'. The Outlook is Stable, reflecting continued support from their higher-rated parents. A full list of rating actions is at the end of this commentary. 'AA' National Ratings denote expectations of low default risk relative to...

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