Fitch Rates Bumi Serpong's US Dollar Notes Final 'BB-'

April 23, 2015 8:48 AM

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(The following statement was released by the rating agency) SINGAPORE/JAKARTA/SYDNEY, April 23 (Fitch) Fitch Ratings has assigned Indonesia-based PT Bumi Serpong Damai Tbk's (BSD; BB-/Stable) USD225m 6.75% senior unsecured notes due on 27 April 2020 a final rating of 'BB-'.

The final rating follows the receipt of documents conforming to information already received, and is in line with the expected rating assigned on 15 April 2015. The notes were issued by Global Prime Capital Pte Ltd, a wholly owned subsidiary of BSD, and guaranteed by BSD and its key subsidiaries. Th...

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