• 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.


    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.