S&P lifts In­done­sia’s rat­ing to ‘BBB-‘

New Straits Times - - Business -

JAKARTA: S&P Global Rat­ings raised In­done­sia’s credit rat­ing to in­vest­ment grade, bring­ing it in line with the other two main rat­ing com­pa­nies and paving the way for more fund in­flows. The sov­er­eign rat­ing was lifted to “BBB-” from “BB+” and the out­look was changed to sta­ble, said S&P yes­ter­day. Both Moody’s In­vestors Ser­vice and Fitch Rat­ings have a pos­i­tive out­look on their as­sess­ments of the na­tion’s debt. The up­grade may boost the ap­peal of In­done­sian as­sets.

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