Indonesia hails credit outlook upgrade to 'positive' by Moody's
Top minister chastises Standard & Poor's for holding back an investment-grade rating
Jakarta
INDONESIAN authorities welcomed a credit outlook upgrade by Moody's as a sign investors are increasingly comfortable with the country, while the chief economics minister chastised Standard & Poor's (S&P) for holding back an investment-grade rating.
Moody's Investors Service upgraded its credit outlook on Indonesia sovereign debt to "positive" from "stable" late on Wednesday and reaffirmed its Baa3 ratings, the lowest notch for investment-grade debt.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons
BOE reports record usage of short-term liquidity repo
Philippines central bank not seeing rate hike despite peso weakness: finmin