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Indonesia wins Fitch ratings upgrade; investors welcome news
Published Thu, Dec 21, 2017 · 09:50 PM
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Jakarta
FITCH Ratings raised Indonesia's credit ratings a notch above its lowest investment grade on Thursday, saying economic and monetary policies have made South-east Asia's largest economy resilient to external shocks.
The rating was raised to BBB from BBB-, with a stable outlook. The upgrade means Indonesia has a higher rating from Fitch than from S&P Global Ratings and Moody's Investors Service.
Investors welcomed the news. The rupiah strengthening slightly and the be…
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