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