S&P rates Indonesia’s notes BBB

S&P said it assigned its BBB long-term foreign currency issue rating to Indonesia’s proposed benchmark-sized dollar- and euro-denominated senior unsecured notes that Indonesia plans to offer.

Indonesia’s notes will represent direct, general, unconditional, unsecured, and unsubordinated obligations of the sovereign, and rank equally with the its other unsecured and unsubordinated debt, S&P said.

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