Indonesian upgrade

Indonesia debt official hopes for S&P upgrade

Loto Srinaita Gintang, director of government debt securities at Indonesia’s finance ministry, expresses hopes that S&P will soon upgrade the sovereign’s rating.
<div style="text-align: left;">
Bullish on Indonesia? A sculpture at the Jakarta stock exchange
</div>
<div style="text-align: left;"> Bullish on Indonesia? A sculpture at the Jakarta stock exchange </div>

Indonesia has long been a focus for foreign investors, having come a long way since its wrenching experience during the Asian financial crisis. Recently, it has burnished its status as a borrower and transformed from basket case to market darling, prompting FinanceAsia to name Indonesia its borrower of the year for 2011.

Investors may clamour for its paper, but the country still falls short of full investment-grade status. Both Moody’s and Fitch have upgraded Indonesia, but Standard Poor’s has kept its sovereign rating at BB, one notch below investment grade, which has meant that some emerging-market funds with mandates to buy investment-grade paper may not be able to...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222