Fitch: Indonesia bonds at BB+

Fitch Ratings said it assigned Indonesia's upcoming dollar-denominated global bonds due 2021 an expected rating of BB+, in line with the sovereign's long-term foreign-currency issuer default rating.

Fitch assigned a positive outlook to Indonesia's BB+ long-term foreign- and local-currency issuer default ratings on Feb. 24, citing improved macroeconomic prospects, strengthening external liquidity driven by rising foreign reserves and a sustained reduction in public debt, the agency said.

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