Indonesia Credit Ratings

September 17, 2009

Indonesia’s foreign and local-currency sovereign debt ratings were upgraded on September 16th to Ba2 from Ba3 at Moody’s Investors Service, which cited the nation’s economic resilience.

Indonesia’s relatively strong resilience to the global recession as well as its healthy medium-term growth prospects prompted the rating upgrade. The nation’s improving economic management and its “appropriate policy stance” also highlight “the growing credibility and predictability of government policies,” Mitra said, Moody’s vice president and sovereign analyst for Indonesia. Read the rest of this entry »