S&P rates Indonesia bonds BB-

Standard & Poor's said it assigned a BB- senior unsecured foreign-currency debt ratings and 3 recovery ratings to the Republic of Indonesia's (foreign-currency BB-/stable/B; local-currency BB+/stable/B) benchmark-size global bonds.

"The ratings on Indonesia are underpinned by continued improvements in its debt and external liquidity positions," S&P analyst Elena Okorotchenko said in a written statement.

"Although the sovereign faces some short-term uncertainties brought about by higher commodity prices, which are leading to growing inflationary and fiscal pressures, the central government's response to these challenges has so far been encouraging."

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.