...PT Perusahaan Listrik Negara (Persero)'s (PLN) ratings are equalised with those of Indonesia (BBB/Negative) under Fitch Ratings' Government-Related Entities (GRE) Rating Criteria, reflecting our assessment of 'Virtually Certain' state support. PLN's Standalone Credit Profile (SCP) is 'bbb-', which reflects its record of timely subsidy and compensation receipts, a steady regulatory environment and our expectation that EBITDA net leverage will remain at around 4.0x....