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S&P not Ready to Upgrade Indonesia’s Credit Rating

S&P not Ready to Upgrade Indonesia’s Credit Rating

S&P Global Ratings may not be ready to upgrade Indonesia’s credit rating as it is concerned by the bad debts and risks. Indonesia current credit rating is junk. It failed to win an upgrade from S&P in June which rated the nation’s debt at BB+. The ratings company will meet with Indonesian Finance Minister within the next few weeks to make its next assessment in December.

“S&P is the last of the three main credit-rating companies to keep Indonesia on junk status. “

~Bloomberg

S&P is the last of the three main credit-rating companies to keep Indonesia on junk status.

Related Reports: Bloomberg

 

About S&P Global Ratings

S&P Global Ratings and its predecessor organizations have been in business for more than 150 years. We are the world’s leading provider of credit ratings. We have more than 1 million credit ratings outstanding on government, corporate, financial sector and structured finance entities and securities. Our ratings are essential to driving growth, providing transparency and helping educate market participants so they can make decisions with confidence.

Visit: S&P Global Ratings


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