Moody’s gives Baa3 to Indonesia bonds

Moody's Investors Service said it assigned Baa3 senior unsecured debt ratings to Japanese yen-denominated bonds issued by the Indonesia (Baa3 stable).

The issuance is a private placement.

Moody’s said the Baa3 government bond rating balances Indonesia's low debt levels, narrow fiscal deficits and healthy growth as compared to similarly rated emerging market peers against its weak revenue mobilization and reliance on external funding.

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