www.bi.go.id - Moody’s Investors Service has today (January 17, 2010) upgraded Republic of Indonesia’s foreign and local-currency bond ratings to Ba1 with stable outlook. This follows Moody’s release last December which placed the ratings on a review for possible upgrade.
In the press release today, Moody's stated the key factors supporting this action were (1) economic resilience is accompanied by sustained macroeconomic balance; (2) Improved government’s debt position and central bank’s foreign currency reserve adequacy; and (3) Improved prospects for foreign direct investment inflows which expected to fortify Indonesia’s external position and economic outlook. (source)
Showing posts with label sovereign. Show all posts
Showing posts with label sovereign. Show all posts
Tuesday, March 20, 2012
INDONESIA - RATINGS - Fitch Assigns Positive Outlook to Indonesia’s BB+ Ratings (Feb 2011)
www.bi.go.id - Fitch Ratings has today (February 24, 2011) affirmed Indonesia’s long-term foreign and local currency issuer default ratings (IDRs) at ‘BB+’ and revised the outlooks on both to Positive from Stable.
The Governor of Bank Indonesia, Darmin Nasution said that the establishment of a positive outlook on the Republic’s sovereign credit rating in the midst of inflationary pressure risks and current economic challenges, reflects international confidence in the credibility of economic authority in managing the economy of Indonesia. Indonesia is only one step away toward the investment grade category. Indonesia has been proven to remain strong during the difficult times and supported by sound macroeconomic fundamentals as well as increasing level of investment to support further growth so that Indonesia will be able to catch up the gap to immediately enter the investment grade sovereign rating category. (source)
The Governor of Bank Indonesia, Darmin Nasution said that the establishment of a positive outlook on the Republic’s sovereign credit rating in the midst of inflationary pressure risks and current economic challenges, reflects international confidence in the credibility of economic authority in managing the economy of Indonesia. Indonesia is only one step away toward the investment grade category. Indonesia has been proven to remain strong during the difficult times and supported by sound macroeconomic fundamentals as well as increasing level of investment to support further growth so that Indonesia will be able to catch up the gap to immediately enter the investment grade sovereign rating category. (source)
INDONESIA - RATINGS - Japan Credit Rating Agency, Ltd (JCR) Affirm Indonesia Sovereign Rating (Aug 2011)
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 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)
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)
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)
INDONESIA - RATINGS - Fitch Rating Upgraded Indonesia to Investment Grade (Dec 2011)
www.bi.go.id - Today, December 15, 2011 Fitch Ratings the official rating agency of the Republic of Indonesia, upgraded Indonesia's sovereign credit rating, to BBB- level for foreign currency long-term senior debt, with stable outlook.
Philip McNicholas, Director in Fitch Asia-Pacific Sovereign Ratings group mention in the press release, rationale behind the upgrade is Improved economic performance, strenghtened external liquidity, low and declining public debt ratios, and a prudent overall macro policy framework. (source)
Philip McNicholas, Director in Fitch Asia-Pacific Sovereign Ratings group mention in the press release, rationale behind the upgrade is Improved economic performance, strenghtened external liquidity, low and declining public debt ratios, and a prudent overall macro policy framework. (source)
INDONESIA - RATINGS - Moodys Upgrades Indonesia Sovereign Rating (Jan 2012)
www.bi.go.id - Moody’s Investors Service has today (January 18, 2012) upgraded Republic of Indonesia’s foreign and local-currency bond ratings to Baa3 with stable outlook. In the press release today, Moody's stated the key factors supporting this action were (1) Moody’s anticipation that government financial metrics will remain in line with Baa peers (2) The demonstrated resilience of Indonesia’s economic growth to large external shocks (3) The presence of policy buffers and tools that address financial vulnerabilities and (4) A healthier banking system capable of withstanding stress. (source)
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