Moody's: Reforms aid Indonesia

Moody's Investors Service said it published its 2011 sovereign report on Indonesia, which provides a methodological assessment of the country's Ba1 foreign- and local-currency issuer rating and stable outlook.

Indonesia's prospects for steady economic growth and price stability are reasonably sound, although in the near term supply-side price pressures and capital inflow challenges will remain elevated, Moody's said.

Meanwhile, policy and administrative reforms are improving investment prospects and attracting greater foreign direct investment, the agency said.

Appropriate policy management has ably steered the economy through the global economic crisis, Moody's said, but increasingly competitive local politics and shortcomings in governance weigh on institutional reforms.

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