Moody’s upgrades Indonesia

Moody’s Investors Service upgraded Indonesia’s rating from B2 to B1 today, citing the country’s improved public finance and fiscal management records.

Government debt as a percentage of gross domestic product 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. This makes Indonesia less subject to adverse changes in external market conditions, says Mood

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net 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: