Indonesia’s debt rating increased from BB to BB level plus ranking according to the international financial institutions, Fitch Ratings. That means, Indonesia’s only one more notch to the highest debt ratings are usually called investment grade or rank the investment.
So the press release published by Fitch Ratings Singapore and received Kompas, Monday (25/1/2010).
Improvement ratings are important to Indonesia because it will affect the decrease in debt issuance costs. That means, the same issue will positively affect the largest bond issuers in Indonesia, namely the government, because the costs of issuance of securities (SBN) in the form of coupon yield and the more lightly.
Ranking is raised to the level of BB plus for the global debt securities (issued in foreign currency) and the rupiah-denominated. The increase indicates that the ratings of the chances of default on bonds from Indonesia was in a stable position.
This ranking reflects that Indonesia had begun to recover from the pressure of global financial crisis is very severe in the year 2008-2009. It is supported by continuous improvement in public financial management in Indonesia. Thus said Ngiam Ai Ling as Director of Team Pemeringkat.
