INDONESIA: PEFINDO has affirmed its ‘idAAA(sy)’ rating on Mandala Multifinance’s outstanding Shelf Registered Sukuk I, a press release said.
The agency also affirmed the company’s ‘idAAA’ corporate rating with a stable outlook, which is driven by the strong likelihood of support from majority-shareholder MUFG Bank, and Mandala Multifinance’s strong stand-alone credit profile, the rating agency said.
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