Tuesday 14, March 2017 by Georgina Enzer

Moody's assigns (P)Baa3 rating to Indonesia's US dollar Sukuk offering

Moody's Investors Service has assigned provisional (P)Baa3 senior unsecured debt ratings to the proposed US dollar-denominated trust certificates to be issued by the Government of Indonesia's (Baa3 positive) through Perusahaan Penerbit SBSN Indonesia III ("PPSI III") under its existing trust certificate issuance programme, which was recently enlarged to $15 billion from $10 billion previously.

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