‘No rea­son for S&P not to lift rat­ing’

New Straits Times - - Business -

JAKARTA: Credit rat­ing agency Stan­dard & Poor’s has no rea­son to keep In­done­sia’s credit rat­ing be­low in­vestible grade, said the coun­try’s co­or­di­nat­ing min­is­ter Darmin Na­su­tion. “Ac­tu­ally there’s no rea­son not to up­grade (rat­ing),” said Darmin. “They are al­ready late in rais­ing; should have been done years ear­lier.” S&P, which has In­done­sia’s rat­ing one notch be­low investment grade, met with the min­is­ter yes­ter­day, where he up­dated the as­sess­ment team on In­done­sia’s eco­nomic con­di­tion. Agen­cies

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