www.bi.go.id - On 14 November 2011, Rating and Investment Information, Inc. (R&I) affirms Indonesia's sovereign credit rating, at the BB+ level for foreign currency sovereign ratings, with positive outlook.
R&I stated that rationale behind the affirmation is Indonesian economy has become more resilient to deterioration in the external environment. Kazuki Hara and Atsushi Moriya, R&I leading sovereign analysts for Indonesia, mention that if R&I ascertain that Indonesia will be able to maintain the stability of the macro economy, which R&I positively evaluates, even in the face of the global economic and financial instability, the rating could be upgraded. (source)
"Indonesian Economic picture, with strong growth, shows the confidence in preserving macroeconomic stability amidst the global financial uncertainty. This positive momentum for further improvement in rating will be well maintained," says Hartadi A. Sarwono, Bank Indonesia Deputy Governor.
R&I last rating action for Indonesia was on October 14, 2010, when the sovereign rating change the outlook from BB+/stable to BB+/positive.
Jakarta, 14th November 2011
Office of the Governor
Difi A.Johansyah
Head of Bureau
Source: http://www.bi.go.id/web/en/Ruang+Media/Siaran+Pers/sp_134011.htm - Nov 14, 2011
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