Rating Investasi Indonesia
R&I Upgrades Indonesia’s Rating to BBB, Outlook Stable2018-03-07 06:20:12.713 GMT
By Rieka Rahadiana
(Bloomberg) — Rating and Investment Information Inc. raises Indonesia’s sovereign credit rating to BBB, from BBB-, with stable outlook.
* Indonesia’s economy continues its strong performance, with inflation remaining low and stable
* The economy is becoming more resilient to external shocks, reflecting small current account deficits and ample foreign reserves
* R&I believes that the policy stance focused on macroeconomic stability and a series of initiatives for structural issues will be maintained amid political events including local elections in 2018 and a general election and a presidential election in 2019
* R&I will keep an eye on whether the central bank’s easing of macroprudential measures and introduction of new regulations help boost the supply of funds for growth by the banking sector
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