Fitch assigns Indonesia bonds BBB

Fitch Ratings said it assigned Indonesia's planned U.S. dollar- and euro-denominated bonds a BBB rating.

The rating is in line with Indonesia's BBB long-term foreign-currency issuer default rating, Fitch said.

The proceeds are intended for general budgetary purposes including to partially fund Indonesia's Covid-19 relief efforts and for the repurchase of a portion of its U.S. dollar bonds in a liability management exercise.

The outlook is stable.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.