Fitch applies BBB to Indonesia bonds

Fitch Ratings said it assigned Indonesia's forthcoming Japanese yen-denominated bonds an expected rating of BBB(EXP).

The expected rating is in line with Indonesia's long-term foreign-currency issuer default rating of BBB with a stable outlook.

Fitch upgraded Indonesia's long-term foreign-currency issuer default rating to BBB with a stable outlook in December 2017. The long-term local-currency issuer default rating is also BBB with a stable outlook.

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