Fitch gives Indonesia bonds BBB

Fitch Ratings said it gave Indonesia's yen-denominated bonds a BBB rating.

“The rating is in line with Indonesia's long-term foreign-currency issuer default rating (IDR) of BBB with a stable outlook,” the agency said in a press release.

The proceeds are intended for general budgetary purposes, including to partially fund Indonesia's Covid-19 relief and recovery efforts.

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