Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>   Indonesia News  >>   Economy  >>   Indonesia on track for credit upgrade
NEWS UPDATES Asean Affairs   1 December 2010

Indonesia on track for credit upgrade

Related Stories

November 6, 2010
Fed stimulus rattles Asia

November 1, 2010
Indonesia should shift spending to growth

October 28, 2010
Indonesia wants common Asean currency

October 7, 2010
Indonesia to sell 60 percent of oil stocks

Ratings agency Moody's said on Wednesday that it was putting Indonesia on review for a possible credit rating upgrade thanks to its economic "resilience" and improved management of the national finances.

In a statement from Singapore, the agency said it was reviewing the government's Ba2 foreign and local-currency bond ratings after placing them on a positive outlook in June.

An upgrade of one notch to Ba1 would leave Southeast Asia's biggest economy in "speculative grade" but just one rank below "investment grade," providing encouragement to foreign investors.

Moody's cited Indonesia's economic resilience accompanied by "sustained macroeconomic balance," its healthy debt position and the central bank's improving foreign currency reserve adequacy.

It also said the government's "policy framework remains increasingly well positioned to deal with evolving macroeconomic challenges and potential shocks."

"We have now placed the sovereign credit ratings and country ceilings on 'Review for Possible Upgrade' as the economic recovery is being sustained alongside well managed external accounts and reasonably good inflation fundamentals," Moody's vice president Aninda Mitra said.

He said improved foreign currency reserves and falling government debt were "reducing risk perceptions and encouraging greater inflows of foreign direct investment and long-term capital."


Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below
Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com