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Moody's puts RI on review for possible upgrade.
(From The Jakarta Post)
A substantial reduction in government debt ratios and reduced external vulnerability have prompted Moody's Investors Service to place Indonesia's ratings on review for possible upgrade.
The ratings under review are the B3 foreign currency country ceiling for debt, the B3 rating of the foreign currency bonds of the government of Indonesia, the B3 domestic currency issuer rating of the government, and the Caa1 foreign currency bank deposit ceiling.
Moody's said on Thursday in a statement that the country's improved debt ratios were due to the fiscal policy that had been pursued by the government and to the strengthening of the …
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