After already having warned in April 2013 that Indonesian telecommunications operator Bakrie Telecom is likely to default on its debt and is in need to restructure its USD $380 million senior unsecured bonds due in May 2015, Fitch Ratings downgraded the company's long term foreign- and local currency issuer default rating to Restricted Default (RD) from C (highly vulnerable) on Friday (30/05). Bakrie Telecom (BTEL) is a subsidiary of the controversial and politically-linked Bakrie & Brothers holding company.
Update COVID-19 in Indonesia: 365,240 confirmed infections, 12,617 deaths (19 October 2020)
19 October 2020 (closed)
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