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Indonesia expects more foreign investment after ratings bump

S&P and others list country as 'BBB' as structural reforms look to continue

The administration of Indonesian President Joko Widodo has pledged to create a more business friendly environment. (Photo by Kosaku Mimura)

JAKARTA -- Global investors are increasingly eyeing Indonesia as a good place to park their money, a trend that may increase after S&P Global Ratings bumped up the Southeast Asian country's sovereign credit rating.

The raise to BBB from BBB- on May 31 comes on the heels of President Joko Widodo's reelection, prompting expectations that Indonesia will remain committed to structural reform.

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