S&P Affirms Indonesia at BBB as Moody's and Fitch Hold Negative Outlooks
Updated
Updated · Bloomberg · Jul 13
S&P Affirms Indonesia at BBB as Moody's and Fitch Hold Negative Outlooks
2 articles · Updated · Bloomberg · Jul 13
Summary
S&P Global Ratings on Monday kept Indonesia’s long-term foreign-currency issuer rating at BBB and maintained a stable outlook, preserving the country’s investment-grade standing.
The decision offers reassurance to investors and breaks with a more cautious tone from other major agencies toward Southeast Asia’s largest economy.
Moody’s and Fitch earlier this year left Indonesia’s ratings unchanged but cut their outlooks to negative, citing governance concerns under President Prabowo Subianto’s administration.