Sign Up to Investment Grade
Economy July 6th, 2010
JAKARTA – The Minister of Finance Agus Martowardojo Indonesia considered that the increase in ratings from stable to positive by Moody’s as a positive signal for Indonesia to immediately enter into the ranks of investment grade.
Thus, the government thinks will be more careful in setting fiscal and monetary policies to maintain the government’s performance.
“This was the motivation for the government to be more careful in maintaining monetary and fiscal systems to better his performance and better and stronger,” he said at the office of Coordinating Minister for Economic Affairs, Jalan Banteng Square, Jakarta, Monday (21/06/2010) .
However, he did not want to put a target date for Indonesia entered into the ranks of investment grade. According to him, the important thing is how the government maintain fiscal and monetary Performace today. “If I can not say (go into investment grade), we must work just fine,” he said.
As reported previously, Moody’s Investors Service today raised the debt ratings dominate Indonesian rupiah and foreign currency from stable to positive by Ba2 level.
“Indonesia has a strong capacity to realize berkelajutan growth, stability, and effectiveness of financial and monetary policy,” Moodys said, as quoted from Reuters.
Indonesia is also expected to improve financial performance and position of its debt. Moodys also enhance long-term rating depostito dominate foreign currency at the 10 banks in Indonesia to Ba3, from stable to positive. Last year, increasing foreign debt rating to Ba2 or two levels below investment grade
