Indonesia finally wins full investment grade status from S&P

SINGAPORE (May 22): Indonesia’s long wait to achieve full investment grade rank is finally over. As of 19 May 2017, Standard & Poor’s Global Ratings (S&P) has raised the long-term sovereign credit rating of Indonesia to “BBB-” (investment grade) from “BB+”.

The ratings agency also raised Indonesia’s short-term sovereign credit rating to 'A-3' from 'B'.

S&P’s latest move is the first time since the Asian financial crisis that Indonesia’s sovereign bonds are rated investment grade by all three major rating agencies.

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