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Moody's upgrades Indonesia's sovereign rating to Baa3; outlook stable
Moody's Investors Service has today upgraded the Government of Indonesia's foreign and local currency bond ratings to Baa3 from Ba1. The ratings outlook is stable. The key drivers of this decision are: 1. Moody's anticipation that government financial metrics will remain in line with Baa peers. 2. The demonstrated resilience of Indonesia's economic growth to large external shocks. 3. The presence of policy buffers and tools that address financial vulnerabilities. 4. A healthier banking system capable of withstanding stress. RATIONALE FOR THE UPGRADE TO Baa3 Indonesia's cyclical resilience to large external shocks ... (full story)