Moody's: Indonesia bond Baa3

Moody's Investors Service said it has assigned a definitive rating of Baa3 rating to Indonesia's bond offering on its existing dollar-denominated global medium-term note program.

The outlook is stable.

Moody's said that the definitive rating for this debt obligation confirms the provisional rating earlier assigned, adding that Indonesia's Baa3 sovereign issuer rating incorporates a moderate assessment of the country's overall economic strength that balances robust growth performance against relatively low GDP per capita.

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