Fitch assigns Indonesia bonds BBB

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

“The rating is in line with Indonesia's long-term foreign-currency issuer default rating (IDR),” Fitch said in a press release.

Indonesia's government intends to use the proceeds to repurchase part of its outstanding global bonds and any remaining proceeds for general budgetary purposes.

The outlook is stable.

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