Moody's holds Indonesia's credit ratings steady
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Jakarta
INDONESIA'S road to recovery following the sharpest economic contraction since the 1998 Asian Financial Crisis will be slow and bumpy as the country battles rising cases of Covid-19 infections and stagnant productivity.
During a media roundtable hosted by Moody's Investor Services, Anushka Shah, vice-president and senior analyst of the credit ratings agency's sovereign risk group, noted that for now, Indonesia does not face a ratings downgrade given its stable growth outlook.
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