Fitch rates Indonesia bonds BBB

Fitch Ratings said it assigned an expected BBB rating to Indonesia's forthcoming dollar-denominated and euro-denominated bonds.

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

The rating on the bonds would be sensitive to any changes in Indonesia's long-term foreign-currency issuer default rating.

Fitch also said it affirmed Indonesia's long-term foreign-currency issuer default rating at BBB with a stable outlook in March 2019.

The long-term local-currency issuer default rating also is affirmed at BBB with a stable outlook.

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