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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

Published Fri, May 27, 2016 · 09:50 PM
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Singapore

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 this week that she expects an S&P Global Ratings upgrade in June, after the country's finance minister said on May 11 that the firm's officials were impressed during a visit.

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