Indonesia regains investment-grade rating

After 14 years in the junkyard, Indonesia has been upgraded by Fitch to investment-grade status.

After many months of expectation, one of the big three credit rating agencies has finally decided that Indonesia is worthy of an investment-grade rating.

Yesterday, Fitch Ratings beat its rivals, Moody’s Investor Services and Standard Poor’s, by upgrading Indonesia’s sovereign debt rating to BBB-. The decision was not unexpected analysts and investors looking for the next big opportunity after the Bric countries of Brazil, Russia, India and China have long anticipated Indonesia’s return...

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