Indonesia bonds steady as Moody's mulls rating rise
The international credit rating agency has placed Indonesia's Ba2 rating on outlook for upgrade. The move did not surprise traders, who think the sovereign will eventually achieve investment grade status, but it could encourage more investors into its bonds.
Credit rating agency Moody’s placed Indonesia’s sovereign credit rating on review for a possible upgrade today (December 1), a move that did not surprise investors but is likely to attract more investors into Indonesian debt, lifting prices and lowering yields.
The country’s rating has been widely expected to
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: firstname.lastname@example.org or find out more online here.