JAKARTA. Standard & Poor's (S&P), the only global rating agency that has yet to release an update on Indonesia’s sovereign rating, says the country's economy is “fairly good” while its trading partners are under pressure. S&P gives a BB+ rating for Indonesia, slightly below investment grade rating of BBB, with a positive outlook. The agency’s team is currently carrying out an assessment to update Indonesia’s rating, according to S&P director of sovereign Asia-Pacific Ex. Japan Kyran Curry. "It is too early to speculate on the upcoming rating, but the numbers related to the risk look relatively good. The government’s fiscal position remains sound; the external position is in relatively good shape. The downside risk is mainly the external trading partner growth, but the economic environment is fairly good for Indonesia," he told thejakartapost.com on Monday in Jakarta.
Indonesia's economy fairly good: S&P
JAKARTA. Standard & Poor's (S&P), the only global rating agency that has yet to release an update on Indonesia’s sovereign rating, says the country's economy is “fairly good” while its trading partners are under pressure. S&P gives a BB+ rating for Indonesia, slightly below investment grade rating of BBB, with a positive outlook. The agency’s team is currently carrying out an assessment to update Indonesia’s rating, according to S&P director of sovereign Asia-Pacific Ex. Japan Kyran Curry. "It is too early to speculate on the upcoming rating, but the numbers related to the risk look relatively good. The government’s fiscal position remains sound; the external position is in relatively good shape. The downside risk is mainly the external trading partner growth, but the economic environment is fairly good for Indonesia," he told thejakartapost.com on Monday in Jakarta.