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Prospect News home > News index > List of issuers I > Headlines for Indonesia > News item |
Fitch gives Indonesia bonds BBB
Fitch Ratings said it gave a BBB rating to Indonesia’s yen-denominated bonds.
“The rating is in line with Indonesia's long-term foreign-currency issuer default rating (IDR),” the agency said in a press release. Fitch affirmed rating on Nov. 22.
Indonesia plans to use the proceeds for general budgetary purposes, including to partially fund Indonesia's Covid-19 relief and recovery efforts.
The outlook is stable.
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