Moody's: Indonesia stable

Moody's Investors Service said in a new report on Indonesia that the outlook for the country's Ba2 rating remains stable.

The rating was upgraded in September, reflecting fundamental and ongoing improvements in its credit prospects, Moody's said.

The country's underlying credit improvements reflect growth rates and a debt burden that are projected to be more favorable than other Ba-rated countries over coming years, the agency said.

The macroeconomic policy framework is likely to withstand some risks as it has ably withstood the impact of recent elections and several large external shocks, Moody's said.

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