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Indonesia wins Fitch ratings upgrade; investors welcome news

The Fitch upgrade comes at a time of some concern about possible impact on Indonesia from the US Federal Reserve's balance sheet normalisation and expectations of further US rate hikes in 2018.


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...