Moody’s Investors Service has on Thursday (May 24) assigned a provisional foreign currency senior unsecured program rating of (P) Baa2 to the new samurai shelf program by the Government of Indonesia.

The shelf program was filed under the Japanese shelf registration process on May 15th, and the overall amount of the new securities that can be issued under the shelf is JPY600 billion.

The rating mirrors the Government of Indonesia’s long-term issuer rating of Baa2 with stable outlook. Concurrently, Moody’s also assigned a Baa2 rating to draw down under the
program, with maturities of 3, 5, 7 and 10 years.