S&P assigns BBB- to Indonesia bonds

S&P said it assigned its BBB- long-term foreign currency rating to the yen-denominated fixed-rate senior unsecured bonds proposed by Indonesia (BBB-/stable/A-3).

These include the three-year bonds maturing May 31, 2021, five-year bonds maturing May 31, 2023, seven-year bonds maturing May 30, 2025 and 10-year bonds maturing May 31, 2028.

The notes represent direct, general, unconditional, unsecured and unsubordinated obligations of the sovereign, and rank equally with the sovereign's other unsecured and unsubordinated debt obligations, the agency said.

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