Investment Grade Only By Official Recognition
Author: Zico
Investment Grade Only By Official Recognition
Indonesia’s debt rating level Rising Investment Grade Fitch said version is simply a formal recognition. Indonesia, already are in that level before Fitch gives rise.
Director General of Debt Management (DGAT) Waluyanto actually argued in the past year yield obliagsi Indonesia has been decreasing, so with the Credit Default Swap (CDS) is also decreased.
According to Grace, this is an indicator of the market has had a perception if Indonesia was at the level of investment grade. “Only now its official recognition,” he explained when talking with Legal in Jakarta, late last week.
According to Rahmat, Indonesia’s economy has now put Indonesia’s getting better at investment grade level. “I think they (Fitch) to see a comprehensive, overall macroeconomic, fiscal, debt ratio and the other down,” he said.
Just Information, after waiting 13 years old, Fitch Ratings raised Indonesia’s debt rating to BBB-from BB + previously. That is, Indonesia has won investment grade from the rating agencies.
Where the status of debt that promoted it was Long Term Foreign and Local Currency Issuer. Outlook on both ratings is Stable. While the country ceiling was raised to BBB, and Short Term Foreign Currency IDR raised to to F3.
This happens because Indonesia is considered to reflect strong economic growth and resilience, the ratio of public debt is low and continues to decline, strong external liquidity, and macroeconomic policy framework that carefully
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Tags: BBB, Bond credit rating, Corbis, Credit Default Swap, Fitch, Fitch Group, Indonesia, Jakarta