Moody's rates Indonesia program Ba2

Moody's Investors Service said it assigned a foreign currency rating of Ba2 with a stable outlook to Indonesia's global medium-term notes program.

The notes issued under this program will carry the same rating, the agency added.

"The rating is broadly supported by Indonesia's ongoing economic resilience against the global crisis and accompanying, albeit moderating, improvements in its underlying credit-metrics," said Aninda Mitra, Moody's sovereign analyst for Indonesia.

"The government's fund-raising efforts are in line with its projected gross financing requirements for 2010, and also consistent with a stable-to-declining debt trajectory," said the analyst.

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