Indonesia’s Debt Rating Raised to Investment Level by Moody’s
Dominic Diongson | January 18, 2012
A worker measures the elevation of rods at a construction site in Jakarta. Indonesia had its sovereign debt rating raised by Moody’s Investors Service to investment level for the first time in 14 years on Wednesday. (Reuters Photo) Related articles
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Indonesia had its sovereign debt rating raised by Moody’s Investors Service to investment level for the first time in 14 years, citing the country’s resilience to large external shock.
Moody’s upgraded the government’s foreign and local currency bond ratings to Baa3 from Ba1. Indonesia had lost its investment level rating in 1997, when the financial crisis pushed the country to devalue the rupiah.
Moody’s also cited the presence of policy buffers and tools that address financial vulnerabilities and a healthier banking system capable of withstanding stress.
The higher rating follows Fitch Ratings’ upgrade last month on Indonesia’s debt to its lowest investment level by one notch from junk.
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I can already imagine how many future Nobel prize laureate will be coming from the ranks of these students. And of course how many Nobel Prize winn -
9:28pm | Lady Gaga Refuses to Tone Down...
Ladygaga is my new heroine, she has more balls than our President and so-called majority peace-loving moderate but silent Muslims.. Now bataks shou -
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blightyboy, The cases emerged my friend was pointing out were in their late thirties up to late forties. Most of the cases go indetected according -
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tell that to the journalist that just got stabbed by the government minister. The US needs to hurry up and sell these apes some artillery so they c -
9:02pm | Indonesia ‘Most Tolerant Count...
Jubal.Harshaw: post of the day sir. -
8:47pm | Most Still Unaware of Indonesi...
Good one, i believe it's the first country in the region(S.E.Asia) doing so, beside Australia and kiwi. -
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@JohnnyFool I strongly believe everyone is entitled to speak freely on any topic . Those thugs have so many different fundamental b -
8:29pm | Indonesia ‘Most Tolerant Count...
22 - read the artice - most the people they reffering to are Indonesians NOT overseas. Its ok anyway because Indons have the highes
