Market Pulse: Indonesia Finally Gets Investment Grade

May 30, 2017

Standard & Poor's, the last of the three global rating agencies which has yet to give the country an 'investment grade' rating, has finally upgraded Indonesia's government debt rating to BBB, thus bringing it into the global ratings 'investment grade' zone. This is a significant achievement, as it will lower Indonesian government bond coupon rates, reflecting a lower risk for investors. As a result, this will help lighten the burden of the government's

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