Indonesia Fails to Win Full Investment Grade
Indonesia will need to wait longer for its full investment grade after S&P Global Ratings maintained its junk status, an assessment that the country’s finance minister sees as “not appropriate.” S&P confirmed the country’s BB+ rating. Fitch Ratings and Moody’s Investors Service have already awarded Indonesia investment grade status more than four years ago.
“Indonesia will need to wait longer for its full investment grade after S&P Global Ratings maintained its junk status”
The failure to win to full investment grade status may take the shine off Asia’s best-performing bond market, with the nation’s local-currency notes gaining about 10 percent this year, according to indexes compiled by Bloomberg.
About Standard & Poor’s
Standard & Poor’s is a credit rating agency, best known for it’s S&P 500 indices – a major US stock indices. The company issues credit ratings on debts such as government bonds and corporate bonds.
Moody’s Investor Service is a credit rating agency and commonly referred as Moody’s. The company issues credit ratings on debts such as government bonds and corporate bonds, by measuring expected investor loss in the event of default.
Fitch Ratings is a credit rating, commentaries & research company, part of Fitch Group. The company issues credit ratings on debts such as government bonds and corporate bonds.
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