JAKARTA. The Government of Indonesia is lobbying Standard and Poor or S&P’s Rating Services to rise Indonesia’s credit rating to investment grade. In the side lines of the World Bank and International Monetary Fund In Washington DC, the United States of America (the US) from 4-9 October 2016. Previously, in May 2016 President Joko Widodo had met with S&P delegates to discuss about Indonesia’s rating. However, S&P still maintained Indonesia’s rating at the level of ‘BB+’ or ‘speculative’. Meanwhile, Fitch Rating, as well as Moody’s had bestowed investment rating to Indonesia in 2012. During the meeting, Minister of Finance Sri Mulyani explained Indonesia’s current policies, mainly fiscal policies in 2016 and 2017. Fiscal risk becomes the main reason of S&P for not increasing Indonesia’s bond rating.
Minister of finance lobbying S&P
JAKARTA. The Government of Indonesia is lobbying Standard and Poor or S&P’s Rating Services to rise Indonesia’s credit rating to investment grade. In the side lines of the World Bank and International Monetary Fund In Washington DC, the United States of America (the US) from 4-9 October 2016. Previously, in May 2016 President Joko Widodo had met with S&P delegates to discuss about Indonesia’s rating. However, S&P still maintained Indonesia’s rating at the level of ‘BB+’ or ‘speculative’. Meanwhile, Fitch Rating, as well as Moody’s had bestowed investment rating to Indonesia in 2012. During the meeting, Minister of Finance Sri Mulyani explained Indonesia’s current policies, mainly fiscal policies in 2016 and 2017. Fiscal risk becomes the main reason of S&P for not increasing Indonesia’s bond rating.