Fitch Affirms Smartfren at 'CCC(idn)'
(The following statement was released by the rating agency) JAKARTA, September 28 (Fitch) Fitch Ratings has affirmed Indonesia-based PT Smartfren Telecom Tbk's (Smartfren) National Long-Term Rating at 'CCC(idn)'. At the same time, Fitch has affirmed Smartfren's IDR675bn bond at 'CCC(idn)'. The bond was originally issued in 2007 by PT Mobile-8 Telecom Tbk. The rating affirmation reflects Smartfren's weak cash flow generation, with EBITDA likely to continue to fall short of its interest expen