Fitch Assigns 'B+(EXP)' to Jababeka's Proposed USD Notes

(The following statement was released by the rating agency)

SINGAPORE/JAKARTA, September 13 (Fitch) Fitch Ratings has

assigned

Indonesia-based PT Kawasan Industri Jababeka Tbk's (Jababeka,

B+/A(idn)/Stable)

proposed US dollar-denominated senior unsecured notes due in

2023 an expected

rating of 'B+(EXP)', with a Recovery Rating of 'RR4'. The notes

will be issued

by Jababeka's wholly owned subsidiary, Jababeka International

B.V., and

guaranteed by Jababeka and certain subsidiaries.

The new 20

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