PT Waskita Karya (Persero) Tbk announced that PT Fitch Ratings Indonesia had withdrawn its rating since January 14, 2021.

Waskita Karya's Senior VP of Corporate Secretary, Ratna Ningrum said in a disclosure submitted to the Indonesia Stock Exchange on Monday (18/1).

The ratings drawn by Fitch Ratings were 'CCC + (idn) for the long-term national rating and' CCC (idn) for the long-term national rating for unsecured senior class debt, sustainable bonds III phase I, sustainable bonds III phase II, bonds sustainable bond III stage III, sustainable bond III stage IV, continuous bond program IV, and continuous bond program IV stage I.

President Director of Fitch Ratings, Indra Kampono said, Fitch relies on factual information received through its issuers and other credible sources in publishing and monitoring its ratings.

"The ranking can be influenced by events or other conditions in the future that cannot be anticipated when the rating is published," said Indra.