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View all search resultsStandard-and-Poor
Business 4 years ago
Indonesia's COVID-19 policy to heighten credit risk: S&P
S&P Global Ratings has maintained its BBB with negative outlook forecast as the spike in COVID-19 cases and the government's restrictive response to contain the pandemic delay economic recovery and complicate corporate refinancing.
Business 4 years ago
PREMIUM
S&P, Fitch hold Indonesia’s credit rating with mixed outlook
The ratings are key for the government as it seeks to raise funds, primarily through the bond market, to finance its multibillion dollar economic recovery program that includes the national vaccination program.
Business 5 years ago
Hotels group Accor faces higher interest cost after S&P downgrade to junk
Accor has been downgraded to junk status by ratings agency S&P Global, a decision set to cost the company tens of millions of euros in additional interest payments, as travel restrictions dim the outlook for the operator of Ibis and Sofitel hotels.
Editorial 6 years ago
Another upgrade well deserved
Rating agency Standard & Poor’s (S&P) upgraded Indonesia’s sovereign credit rating late last month from BBB minus, the lowest rank of its investment grade classification, to BBB, citing strong economic growth prospects, stable policy and a prudent fiscal framework as the main factors in its latest assessment.
Business 7 years ago
BI to maintain stability as S&P affirms Indonesia's rating
Bank Indonesia (BI) has said it will continue to coordinate with government institutions to maintain the country's macroeconomic stability and foster growth following international rating agency Standard & Poor’s (S&P) Global Ratings’ investment grade rating for Indonesia.
