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Indonesia's Proposed U.S. Dollar Global Bond Rated 'BB+' Apr 11

  • ID: 1714281
  • April 2011
  • Region: Global, Indonesia
  • Standard & Poors
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  • Indonesia (Republic of)
  • MORE

SINGAPORE (Standard & Poor's) April 26, 2011--Standard & Poor's Ratings Services today assigned its 'BB+' senior unsecured long-term foreign currency debt rating to a proposed global unsecured bond issuance by the Republic of Indonesia (foreign currency BB+/Positive/B; local currency BB+/Positive/B; ASEAN scale axBBB+/axA-2). The bond is expected to have a maturity of 10 years, and will constitute part of the country's US$9 billion global medium-term notes program. The ratings on Indonesia are supported by continuing improvements in the government balance sheet and external liquidity, against a backdrop of resilient economic performance and cautious fiscal management. The ratings remain constrained by Indonesia's (1) low per capita income; (2) structural and institutional impediments to higher economic growth; (3) relatively high inflation; and...

Companies mentioned in this report are:
- Indonesia (Republic of)

Action: New Rating

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
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- Indonesia (Republic of)

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