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

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