KONTAN.CO.ID - JAKARTA. Japan Credit Rating Agency Ltd. has raised Indonesia's Sovereign Debt Rating from BBB- with positive prosoective to BBB with stable prospect. Economic structural reform that has been carried out to achieve sustainable growth has brought a positive impact to improve investment climate, infrastructure development and slow corporate foreign debt withdrawals, Antara learned here on Thursday from JCR official statement. "Private foreign debt has grown limitedly since 2016 because of the implementation of prudent regulations by the central bank that led to increasing economic resilience against external pressure," according to JCR.
Japan Credit raises Indonesia's debts rating
KONTAN.CO.ID - JAKARTA. Japan Credit Rating Agency Ltd. has raised Indonesia's Sovereign Debt Rating from BBB- with positive prosoective to BBB with stable prospect. Economic structural reform that has been carried out to achieve sustainable growth has brought a positive impact to improve investment climate, infrastructure development and slow corporate foreign debt withdrawals, Antara learned here on Thursday from JCR official statement. "Private foreign debt has grown limitedly since 2016 because of the implementation of prudent regulations by the central bank that led to increasing economic resilience against external pressure," according to JCR.