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Fitch rates Indonesia's PPSI-III Sukuk 'BBB-(EXP)'

Tue, 2012-11-06 12:34 — newsdesk

In a statement, Fitch Ratings announced that it assigned the upcoming USD3bn Perusahaan Penerbit SBSN Indonesia III's (PPSI-III) global certificates (Sukuk), due 2022, a rating of 'BBB-(EXP)'. This rating is in accordance with the expectations. Thus, Fitch's view that the cashflows supporting payment on the Sukuk constitute direct, unconditional, unsecured and general obligations of the Republic of Indonesia are confirmed.

Source: 

http://www.reuters.com/article/2012/11/05/idUSWLA575920121105