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INDONESIA: S&P has raised the long term foreign……
By Market News International || March 12, 2010 at 16:25 GMT
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INDONESIA: S&P has raised the long term foreign currency sovereign
credit rating on Indonesia to “BB” from “BB-” and affirmed the “BB+”
long term local currency rating on the limited fiscal flexibility.
“The positive outlook on the long-term currency rating reflects our
expectation that the broader economic and fiscal reform agenda will
proceed apace once the current political distractions subside.” S&P says
“ratings could be raised if inflation pressure diminishes, the external
debt burden declines, the sovereign’s balance sheet improves, or reforms
such as subsidy rationalization suggest that fiscal and external
vulnerabilities are reduced.”
Have a dry weekend all 
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