Economics
S&P's Not Yet Ready to Upgrade Indonesia's Rating from Junk
- Ratings company to meet with finance minister in coming weeks
- Indonesia failed to win rating upgrade from S&P in June
Jakarta, Indonesia.
Photographer: Rony Zakaria/BloombergThis article is for subscribers only.
S&P Global Ratings may not be ready to upgrade Indonesia’s credit rating from junk yet, concerned by rising bad debts and risks to the growth outlook.
While S&P is “broadly optimistic” about Indonesia’s economy, there are worries that are still holding back a higher rating, Kyran Curry, a director of sovereign ratings and S&P’s primary analyst for the country, said by phone from Singapore on Tuesday.