Moody's rates Indonesia sukuk Baa3

Moody's Investors Service said it assigned a definitive rating of Baa3 to the securities under the Government of Indonesia's dollar-denominated sovereign sukuk with a scheduled dissolution date in 2022.

Moody's said that in its opinion, the payment obligations represented by the securities available on offer are ranked pari passu with other senior, unsecured debt issuances of the Government of Indonesia and thus justify a rating at an equal level.

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