Moody's: Indonesia gets new national-scale ratings

Moody's Investors Service introduced a new national-scale rating for use in Indonesia. The scale provides a ranking of relative creditworthiness - including relevant external support - in Indonesia and will use Moody's globally recognized rating symbols, modified with an ".id" marker, the agency said.

Moody's also said it will within Indonesia continue to issue global-scale ratings comparable internationally, which would not carry the ".id" marker.

In Indonesia, national-scale ratings will be particularly beneficial since global-scale ratings for most domestic issuers are clustered around a more narrow rating range and the Indonesia national-scale rating divides the ratings more finely within these clusters, Moody's said. Overall, the agency said it believes that the ratings provide enhanced transparency regarding the local credit market environment.

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