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Fitch rates Indonesia bond BBB-
Fitch Ratings said it assigned Indonesia's upcoming dollar-denominated global bonds due 2022 an expected BBB- rating.
The rating is in line with Indonesia's long-term foreign-currency issuer default rating of BBB-. The sovereign's long-term local currency issuer default rating is also BBB-.
The outlook is stable.
Indonesia is also re-tapping the existing 5.25% global bonds due 2042, which was initially issued in January and is rated BBB-, according to Fitch.
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