Fitch Ratings has recently upgraded BFIN’s National Long-Term rating to ‘A+(idn)’ from ‘A(idn)’. The outlook is stable. Fitch has also upgraded BFI Finance’s bond program, its IDR575bn rupiah bond issued under the program as well as its IDR225bn MTNs to ‘A+(idn)’ from ‘A(idn)’.
Fitch has also assigned the second rupiah bond issued under the program with a maturity of up to three years an ‘A+(idn)’ rating.
Established in 1982, BFI Finance focuses on the leasing and consumer financing business in Java, Sumatra, Kalimantan and Eastern Indonesia areas.