S&P: Indonesia unaffected

Standard & Poor's said recent comments by governments from industrialized countries on granting moratorium on official debts of countries hit by the Dec. 26 tsunamis are unlikely to ensnare Indonesia's commercial obligations, and therefore not affect the sovereign credit ratings on Indonesia (foreign currency B+/positive/B, local currency BB/positive/B).

The gesture, if approved during the Paris Club forum or in another approach, will largely reflect the magnanimity of developed countries, according to S&P.

At this stage, S&P said Indonesia has the capability to service its domestic and foreign debt. The devastation of outlying provinces by the Indian Ocean tsunami did little to detract its debt-servicing ability.

© 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.