Jakarta City Center

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

Join the Rise of Asia.  Share a Story, Article or Photo here.  For Press Release, visit here.

About The Wealth Times

The Wealth Times is the premier economic & financial media for Asia. Covering Asia’s most relevant developments in economy, business and finance. Asia is the world’s fastest growing economy with GDP exceeding $25 trillion and powered by 4.4 billion people.

Where should you invest your capital for the next decade?  Which are the fastest growing companies in Asia?  Which is the most exciting sector to be in?  Which are the top cities to be in?  Which country has new economic policies? Who are the most influential leaders? Who are the top business leaders?