Rating & Investment Information, Inc. (R&I) upgrades #Indonesia’s Sovereign Credit Rating from BBB/stable outlook to BBB+/stable outlook (#investment grade) as announced in mid March 2020.
According to R&I, there are a number of key factors that support the decision. First, firm implementation of policies to strengthen economic growth potential, on the back of a solidified political foundation. Second, keeping fiscal deficits in check, the government maintains its debt ratio at a low level. Third, foreign reserves are ample relative to short-term external debts.
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According to R&I, there are a number of key factors that support the decision. First, firm implementation of policies to strengthen economic growth potential, on the back of a solidified political foundation. Second, keeping fiscal deficits in check, the government maintains its debt ratio at a low level. Third, foreign reserves are ample relative to short-term external debts.
Access medcom.id article through our Twitter post.
#StaySafe #StayHealthy
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