OREANDA-NEWS. Fitch Ratings has assigned Indonesia's forthcoming euro-denominated bonds, issued under the republic's global medium-term note programme, 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 a Stable Outlook.

RATING SENSITIVITIES

The rating would be sensitive to any changes in Indonesia's Long-Term Foreign-Currency IDR. Fitch affirmed Indonesia's Long-Term Foreign-Currency IDR at 'BBB-' with a Stable Outlook in May 2016. The Long-Term Local-Currency IDR is also 'BBB-' with a Stable Outlook.