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
Add BT as a preferred sourceJakarta
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 maintaining a positive outlook. It cited forecasts for larger budget deficits in coming years and a decline in corporate credit quality. Fitch Ratings and Moody's Investors Service awarded Indonesia investment-grade status more than four years ago.
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