Indonesia Sovereign Credit Rating Raised from BB+ to BBB-
Jakarta | 19th May 2017
S&P has raised the long term sovereign credit ratings on Indonesia from “BB+” to “BBB-“. The outlook is stable. The ratings was raised to reflect S&P assessment of reduced risks to Indonesia’s fiscal metrics. The government’s focus on proper budgeting has reduced the likelihood that a shortfall in future revenue would increase the deficit beyond that S&P expects. Hence this reduces the risk of a increasing net government debt ratio and servicing burden.
” Indonesia credit ratings from “BB+” to “BBB-“ “
The Governor of Bank Indonesia, Agus D.W Martowardojo welcomes the assessment of S&P. The three major rating agencies have all acknowledged the investment grade status for Indonesia.
Official Press Release by Bank Indonesia