Fitch Ratings has assigned Indonesia's forthcoming Japanese yen denominated bonds an expected rating of 'BBB-(EXP)'.
KEY RATING DRIVERS
- The expected rating is in line with Indonesia's Long-Term Foreign Currency Issuer Default Rating (IDR) of 'BBB-' with Stable Outlook.
RATING SENSITIVITIES
- The rating on the bonds would be sensitive to any changes in Indonesia's Long-Term Foreign Currency IDR. In May 2016, Fitch affirmed Indonesia's Long-Term Foreign Currency IDR at 'BBB-' with a Stable Outlook. The Long-Term Local Currency IDR is also 'BBB-' with a Stable Outlook.