Fitch rates Indonesia bond BB-

Fitch Ratings said it assigned an expected long-term foreign-currency rating of BB- to the Republic of Indonesia's forthcoming benchmark dollar-denominated global bond. The final rating is contingent upon receipt of final documents.

Its foreign- and local-currency issuer default ratings, both rated BB-, have a positive outlook.

The agency also said Indonesia's economic growth momentum will only be marginally impacted by weakness in external demand, as domestic demand has recovered.

The country's structural reform agenda on both the public and external finances front remains intact, which in turn will help to improve Indonesia's credit risk profile going forward, Moody's said.

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