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Investors miffed at S&P for keeping Asia's best debt at junk

Debt assessor keeps Indonesia below investment grade after affirming its BB+ rating and positive outlook
Tuesday, June 7, 2016 - 05:50

Kuala Lumpur

INVESTORS have kept faith in Asia's best-performing sovereign bond market after S&P Global Ratings left Indonesia at junk status. One fund manager described the decision as disappointing and another as inexplicable.

S&P stands alone among the three major debt