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Fitch assigns BBB- to Indonesia Eximbank notes
Fitch Ratings said it assigned Lembaga Pembiayaan Ekspor Indonesia's (Indonesia Eximbank) proposed senior unsecured note issue of up to $1.5 billion a BBB- expected rating.
The rating on the EMTN program and notes is identical to Indonesia Eximbank's issuer default rating (BBB-/positive), the agency said.
The proceeds from the proposed issue will be used to support Indonesia Eximbank's business growth.
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