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Moody's upgrades Indonesia's sovereign rating in boost to Widodo's economic agenda

Reuters  |  JAKARTA 

By Gayatri SuroyoJAKARTA (Reuters) - Moody's Investors Services on Friday upgraded Indonesia's sovereign credit ratings a notch above its lowest investment grade, citing effective policies to support broad economic stability, in a boost to President Joko Widodo's drive to rev-up growth. Moody's said it now rates debts of Southeast Asia's largest economy at Baa2, up from the previous Baa3 with a stable outlook.The move followed Fitch Ratings' upgrade in January to also one notch above the lowest investment grade. Indonesia's debts are now rated the same by the two rating agencies, while S&P ...

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First Published: Fri, April 13 2018. 08:49 IST
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