INDONESIA - RATINGS - R&I Affirm Indonesia Sovereign Rating (Nov 2011)

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)