Fitch: Indonesia to positive

Fitch Ratings said it revised Indonesia's outlook to positive from stable.

The agency also affirmed its long-term foreign- and local-currency issuer default rating at BB+, short-term foreign-currency issuer default rating at B and country ceiling at BBB-.

The positive outlook reflects a view that Indonesia's favorable macroeconomic prospects are likely to see the credit profile strengthen further over the next 12 to 18 months, despite near-term risks from inflation and potentially volatile capital flows, Fitch said.

Faster progress in tackling long-standing weaknesses in economic and credit fundamentals would further support the case for an upgrade, the agency said.

© 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.