REPUBLIKA.CO.ID, JAKARTA - Fitch Ratings has affirmed the rating Term Foreign Currency Issuer Default Rating (IDR) of PT Pertamina at 'BBB-with Stable Outlook. Senor no unsecured rating, a global program of medium-term notes amounting to 10 billion USD and letters senior unsecured debt is also affirmed at 'BBB-'

Pertamina ranks synchronized with the rank of the holder shares, the Republic of Indonesia (BBB-/Stabil). It reflects the operational relationship and strong strategic methodology in accordance with the Parent and Subsidiary Linkage from Fitch. 

The affirmation reflects Fitch's view that support strong of government will continue in the future because of the position of Pertamina as one of the state-owned enterprises (SOEs) are the most important in Indonesia and as executor of the national energy policy. Pertamina is the only state-owned oil refining and the dominant retailer of oil products. Stand-alone credit profile is currently located on the same levels similar to those equivalent rank in state rankings BBB-.

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