Indonesian upgrade

Indonesia debt official hopes for S&P upgrade

Loto Srinaita Gintang, director of government debt securities at Indonesia’s finance ministry, expresses hopes that S&P will soon upgrade the sovereign’s rating.

<div style="text-align: left;"> Bullish on Indonesia? A sculpture at the Jakarta stock exchange </div>

Denise Wee

September 25, 2012

Indonesia has long been a focus for foreign investors, having come a long way since its wrenching experience during the Asian financial crisis. Recently, it has burnished its status as a borrower and transformed from basket case to market darling, prompting FinanceAsia to name Indonesia its borrower of the year for 2011.

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