ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

S&P lifts Indonesia sovereign rating to investment grade

Stock market index hits record high on long-awaited decision

JAKARTA -- S&P Global gave Indonesian President Joko Widodo a long-awaited reward Friday, lifting the country's long-term sovereign debt rating to investment grade.

The U.S. credit ratings agency raised Indonesia's rating from BB+ to BBB-, one notch above junk status, with a stable outlook. The decision means Indonesia's debt is investment grade according to all three major credit ratings agencies, the others being Fitch Ratings and Moody's Investor Service.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more