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Jakarta Post
The Jakarta Post
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DKI Jakarta, Indonesia
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RI regains long lost S&P rating

  • Grace D. Amianti and Prima Wirayani

    The Jakarta Post

Jakarta | Sat, May 20, 2017 | 09:00 am
RI regains long lost S&P rating Gearing up – A worker monitors the uploading process of a container at the Tanjung Perak port in Surabaya, East Java. (thejakartapost.com/Wahyoe Boediwardhana)

PREMIUM It took exactly 20 years for Indonesia — since the 1997 Asian financial crisis — to fully regain its investment grade status, as Standard and Poor’s (S&P) followed on Friday two other global rating agencies in awarding such an influential rating to the country. S&P Global Ratings lifted Indonesia’s sovereign rating to BBB- from BB+ with stable outlook, based on a...