S&P Positive on Indonesia's Reforms, Finance Minister Says
- Indonesia hopes S&P will upgrade country rating: Brodjonegoro
- Brodjonegoro cautions govt budget revenues are falling short
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Indonesia’s finance minister said S&P Global Ratings was impressed with the government’s reform efforts during a trip company officials made to Jakarta to assess the country’s sovereign rating.
S&P, which said in December it may raise Indonesia to investment grade within a year, met Indonesian President Joko Widodo and ministers on Tuesday. The government hopes the company will lift its rating, Finance Minister Bambang Brodjonegoro said in an interview after the talks.