Indonesia's Proposed U.S. Dollar Global Bond Rated 'BB+' Apr 11
- ID: 1714281
- April 2011
- Region: Global, Indonesia
- Standard & Poors
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
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Research type: News
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