Fitch rates Indonesia's foreign-currency bonds 'bbb-(exp)'
Source: FxWire Pro - Ratings / 29 Jun 2017 07:14:43 Eastern Standard Time
Fitch Ratings has assigned Indonesia's forthcoming foreign-currency bonds, issued under the republic's global medium-term note programme, an expected rating of 'BBB-(EXP)'. The Indonesian authorities have said the offering will comprise intermediate maturity euro-denominated bonds and/or intermediate- to long-dated US dollar-denominated bonds.
KEY RATING DRIVERS
The expected rating is in line with Indonesia's Long-Term Foreign-Currency Issuer Default Rating (IDR) of 'BBB-' with a Positive Outlook.
The rating would be sensitive to any changes in Indonesia's Long-Term Foreign-Currency IDR.
In December 2016, Fitch affirmed Indonesia's Long-Term Foreign-Currency IDR at 'BBB-' and revised the Outlook to Positive. The Long-Term Local-Currency IDR is also 'BBB-' with a Positive Outlook.© FxWire Pro 2018. All rights reserved. The FxWire Pro content received through this service is the intellectual property of FxWire Pro or its third party suppliers. Republication or redistribution of content provided by FxWire Pro is expressly prohibited without the prior written consent of FxWire Pro, except for personal and non-commercial use. Neither FxWire Pro nor its third party suppliers shall be liable for any errors, omissions or delays in content, or for any actions taken in reliance thereon.