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Fitch assigns BBB to Indonesia notes
Fitch Ratings said it assigned Indonesia's planned yen-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.
The proceeds will be used to finance the budget deficit. Indonesia intends to invest an amount equal to the net proceeds in projects that may qualify as eligible expenditures under Indonesia's sustainable development goals government securities framework.
The outlook is stable.
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