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Indonesia sailing towards upgrade from S&P Global Ratings

Both its international and domestic bonds have done the best in emerging Asia this year

STRONGER: The stability of the rupiah this year has enhanced the appeal of domestic bonds.


INDONESIA'S status as Asia's last major economy without a full investment grade may be near an end, boosting the appeal of the region just as other emerging markets such as Brazil and Poland suffer downgrades.

State-Owned Enterprises Minister Rini Soemarno said in Jakarta