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Indonesia hails credit outlook upgrade to 'positive' by Moody's

Top minister chastises Standard & Poor's for holding back an investment-grade rating

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Dr Indrawati said that the government will continue to strengthen policies to "rationalise risk perception". Officials have long been hoping for a ratings upgrade from S&P.

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

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