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View all search resultsGlobal credit rating agency Standard & Poor's (S&P) will increase Indonesia's sovereign credit rating by one notch to BBB from the current BBB- next year, Coordinating Maritime Affairs Minister Luhut Pandjaitan claimed on Thursday.
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.
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