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Published on 4/17/2012 in the Prospect News Emerging Markets Daily.

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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