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S&P maintains Indonesia's junk status

The country's failure to win full investment-grade status may take the shine off Asia's best-performing bond market

Jakarta

INDONESIA'S long wait to win full investment-grade rank just got longer after S&P Global Ratings maintained its junk status because of weak fiscal performance.

S&P on Wednesday affirmed the country's BB+ rating, while leaving the door open for a future upgrade by...

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