www.bi.go.id - Rating agencies from Japan, Japan Credit Rating Agency, Ltd. (JCR) today, August 24, 2011 affirms Indonesia's rating for foreign currency long-term senior debt at BBB- and long-term local currency senior debt at BBB. Each rating outlook is stable.
JCR stated this ratings reflects (i) the country’s sustainable economic growth outlook underpinned by solid domestic demand, (ii) alleviated public debt burden brought by prudent fiscal management, and (iii) reinforced resilience to external shocks stemming from accumulated (source)
JCR main sovereign analyst for Indonesia, Yoshihiko Tamura and Sakura Yamamoto believes that Indonesia will, by and large, maintain macroeconomic stability and fiscal soundness while sustaining a modest economic growth in the years to come.
The Governor of Bank Indonesia, Darmin Nasution said that the affirmation on the Republic’s sovereign credit rating represents the confident level on the Indonesian economy is able to show the encouraging performance amidst the global economic uncertainty. This is recognition on our discipline and prudent macroeconomic policy implementation. With this positive outlook, we expect the increased in global optimism on our economic performance.
JCR last rating action for Indonesia was on July 13, 2010, when the sovereign rating upgraded to BBB- with stable outlook from BB+ with stable outlook
Jakarta, August 24, 2011
Office of the Governor
Benny Siswanto
Head of Bureau
Source: http://www.bi.go.id/web/en/Ruang+Media/Siaran+Pers/sp_132911.htm - Aug 24, 2011
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