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Indonesia wins Fitch ratings upgrade; investors welcome news

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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.

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