Indonesia closes in on investment grade

17 Jan 2011

The country's sovereign rating was raised from Ba2 to Ba1 by Moody's. Observers hope to see the country gain an investment grade rating before the end of the year, by Moody's warns that it must keep an eye on inflation and monetary policy.

Rating agency Moody's Investors Service today (January 17) raised Indonesia's sovereign rating from Ba2 to Ba1, the highest non-investment grade rating, citing the country's economic resilience, debt position and foreign investment prospects. 

"The momentum in the economy is expected to be sustained by steady domestic demand, a reasonable pace ...

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