Indonesia's debt ratings Rise


JAKARTA - The international rating agencies (Standard and Poor's S & P) raised the long-term ratings of foreign currency (debt rating) Indonesia to BB from BB-and long-term local currency of the original remains in the BB +.

"Outlook for both ratings is positive defined," said Director of the Directorate of Strategic Planning and Public Relations Dyah NK Makhijani, issued a statement, in Jakarta, Friday (12/3/2010).

With rising ratings, he added, Indonesia just two notches better investment levels, and positive outlook indicates that Indonesia is likely to get a rating increase in the next year.

Sovereign's President S & P analyst Agost Benard to Indonesia, said that the main factor is the increase in the ratio of government debt ratings continue to improve gradually.

"Increased foreign exchange reserves to support the reduction of susceptibility to shock and fiscal policy management istorikal careful," Bernard said a press release natural.

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