Moody's upgrades Indonesia

Moody's upgraded Indonesia's credit rating from B2 to B1 in May, citing improved public finance and fiscal management records. Government debt as a percentage of GDP had fallen to 50% by the end of 2005, and is likely to fall further, the agency says. And although half the debt is in foreign currency, the majority of this debt is owed to official creditors, making Indonesia less subject to adverse changes in external market conditions. "Indonesia is in a better position in this regard than m

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: