News From Fitch Is Good for Indonesia’s Telkomsel
Fitch Ratings has affirmed Telkomsel’s long-term foreign and local currency issuer default ratings at BBB and BBB+, respectively, with a stable outlook.
“The ratings reflect Telkomsel’s continuing position as Indonesia’s leading telecom operator,” Fitch said in a statement on Monday.
At the end of 2011, of the country’s leading cellular operator had a subscriber market share of 52 percent.
“Fitch believes Telkomsel will maintain its market position and strong credit measures in the medium term,” Fitch said.