JAKARTA. Moody's Investor Services on Monday upgraded Indonesia’s sovereign credit rating to one notch below investment grade, a statement released on Monday shows. According to the statement, the top rating agency upgraded Indonesia's rating from Ba2 to Ba1 with a stable outlook, citing economic resilience, macroeconomic balance, an improving government debt position and the central bank's foreign currency reserve adequacy as well as prospects for foreign direct investment inflows. "We have upgraded the sovereign credit ratings as momentum in the economy is expected to be sustained by steady domestic demand, a reasonable pace and sequencing of policy and structural reforms, and rising foreign direct investment.
Moody's upgrades RI rating to one notch below investment grade
JAKARTA. Moody's Investor Services on Monday upgraded Indonesia’s sovereign credit rating to one notch below investment grade, a statement released on Monday shows. According to the statement, the top rating agency upgraded Indonesia's rating from Ba2 to Ba1 with a stable outlook, citing economic resilience, macroeconomic balance, an improving government debt position and the central bank's foreign currency reserve adequacy as well as prospects for foreign direct investment inflows. "We have upgraded the sovereign credit ratings as momentum in the economy is expected to be sustained by steady domestic demand, a reasonable pace and sequencing of policy and structural reforms, and rising foreign direct investment.