Indonesia Expects S&P Affirmation to Steady Bond Market After June Selloff
Updated
Updated · Bloomberg · Jul 14
Indonesia Expects S&P Affirmation to Steady Bond Market After June Selloff
3 articles · Updated · Bloomberg · Jul 14
Summary
Indonesia said S&P Global Ratings’ affirmation of its sovereign credit profile should help stabilize the domestic government bond market after June’s selloff.
Suminto, the finance ministry’s director general for budget financing and risk management, called the rating decision a positive signal for government bond market stability.
The expectation centers on investor sentiment, with the S&P assessment seen as a vote of confidence in Indonesia’s credit standing after recent market pressure.