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Fitch gives Indonesia bonds BBB
Fitch Ratings said it gave Indonesia's planned dollar- and euro-denominated bonds a BBB rating.
“The rating is in line with Indonesia's long-term foreign-currency issuer default rating of BBB with a stable outlook,” Fitch said in a press release.
The bond proceeds are intended for general budgetary purposes, including to partially fund Indonesia's Covid-19 relief efforts.
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