Moody’s assigns Baa2 ratings to Indonesia notes

Moody’s Investors Service said it assigned Baa2 ratings to the proposed senior unsecured dollar- and euro-denominated notes to be sold by Indonesia, which Moody’s rates at Baa2.

The planned notes will have maturities ranging from 5-30 years.

The notes will be direct, unconditional and unsubordinated debt of Indonesia’s government and will rank pari passu with all of Indonesia’s unsecured external debt, Moody’s said.

Proceeds will be used for general budgetary purposes, including for financing requirements.

The outlook is stable.

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