Sign up | Log in



Home  >>   Daily News  >>   Indonesia  News  >>   Investment  >>   Indonesia gets rating increase to 13-year peak
NEWS UPDATES Asean Affairs        18 January 2011

Indonesia gets rating increase to 13-year peak

Related Stories

January 17, 2011
Indonesian plantation firm plans IPO

January 13, 2011
Indonesia may sell dollar bonds to locals

December 21, 2010
GM relocates marketing to Indonesia

Moody's Investors Service gave Indonesia another nudge toward investment grade by raising the nation's sovereign rating, taking into account the economy's ability to weather the downturn, its manageable debt load and rising investment from overseas.

The state's foreign- and local-currency bond rating were lifted from Ba2 to Ba1, just beneath the A investment grade. Greece also has a Ba1 rating after being downgraded, and faces further cuts by Moody's. This is the highest rating for Indonesia since the 1997 fiscal crisis.

"We have upgraded the sovereign credit ratings as momentum in the economy is expected to be sustained by steady domestic demand, a reasonable pace and sequencing of policy and structural reforms, and rising foreign direct investment," said Aninda Mitra, a vice president at Moody's. "Furthermore, the country's debt position and reserve adequacy remain on an improving trajectory relative to most of its ratings peers."

The economy is poised to grow as much as 6.5 percent this year from an estimated 6 percent in 2010, according to Bank Indonesia forecasts. The country's debt-to-GDP ratio has declined steadily over the past five years, falling to 27 percent at the end of 2010 from 40.8 percent in 2006, making it the only G-20 member with a declining debt-to-GDP ratio.

Government officials welcomed Moody's move, saying it would lift the entire economy. "This upgrade will bolster investor confidence, particularly foreigners, to stay in Indonesia. It will also improve foreign direct investment," said Rahmat Waluyanto, chief of debt management at the Finance Ministry

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

Comment on this Article. Send them to

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
submit your comment in the box below




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

Today's  Stories    18  January 2011 Subsribe Now !
• Indonesia gets rating increase to 13-year peak
Subcribe: Asean Affairs Global Magazine
• Malaysia should act on electronics industry issues Asean Affairs Premium
• Philippines to have air talks
• Singapore opens new air cargo center
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Singapore may increase Indonesian investment
• Singapore fertility falls to record low
• Thai steel firm looks at LSE listing
• Chinese increase Thai investment
Asean Analysis    18 January 2011 Advertise Your Brand
• China economic integration shows birthing pains Sponsor Our Events
Asean Stock Watch    14 January 2011
• ASEAN Market Outlook
Global News Impacting Asia    17 November 2010
• Bank of America sees Asian inflation
• Lloyd’s increases insurance push in Malaysia
• Wells Fargo analyst on euro
• Obama’s visit to Asia

ASEAN NEWS UPDATES      Updated: 04 January 2011

• Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

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