Fitch Rates Indonesia Euro Bonds at "BBB-"
Bareksa • 03 Jul 2014
Rupiah menguat - (Antaranews.com/Prasetyo Utomo)
The fiscal deficit has widened but remains under control.
Bareksa.com - Fitch Ratings has assigned Indonesia's forthcoming Euro-denominated bonds, issued under the Republic's Global Medium-Term Notes Programme, an expected rating of 'BBB-(EXP)'.
As quoted from IQPlus, the expected rating is in line with Indonesia's Long-Term Foreign Currency Issuer Default Rating (IDR) of 'BBB-' with Stable Outlook. The sovereign's Long-Term Local Currency IDR is also 'BBB-' with Stable Outlook.