OREANDA-NEWS. Fitch Ratings has affirmed PT Penjaminan Infrastruktur Indonesia (Persero)'s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at 'BBB-' and Short-Term Foreign-Currency IDR at 'F3'. The Outlook is Stable. The company is also known by its English name, Indonesia Infrastructure Guarantee Fund (IIGF).

IIGF's ratings are credit-linked to those of Indonesia (BBB-/Stable/F3), reflecting its status as a wholly owned state corporation with strong oversight and strategic importance in developing public-private partnership (PPP) projects. Fitch believes there is a very high probability of IIGF receiving extraordinary state support, if needed, and its ratings are equalised with the sovereign.