Indonesia More Attractive as Risk Declines

Kompas/Raditya Helabumi

Information on stock transaction movements is monitored through the screens at the Indonesia Stock Exchange (IDX), Jakarta, on Tuesday (16/5). The IDX recorded at least 35,000 new investors as of mid May 2017.

JAKARTA, KOMPAS — International rating agency Standard & Poor has upgraded Indonesia’s credit rating to investment grade as a result of reduced fiscal risk . Consequently, the cost of funds for government bonds is expected to decline.

Indonesia\'s long-term debt rating was lifted from BB+ with a positive outlook in June 2016 to BBB- with a stable outlook, while the short-term debt rating was upgraded from B to A-3.