Moody’s upgraded its outlook for Indonesia’s sovereign credit rating to positive from stable on February 8th and affirmed the long-term foreign credit rating at Baa3, as country’s vulnerability to external shocks is declining; macroeconomic stability and fiscal discipline, together with ongoing reforms, suggest that policy effectiveness is improving. Standard & Poor’s credit rating for Indonesia stands at BB+ with a positive outlook. Fitch’s credit rating for Indonesia was last reported at BBB- with positive outlook.
The 3 Big Credit
“In December 2011, Fitch and moody became the first of the three dominant international rating agencies to boost Indonesia to investment grade, citing steady economic growth, declining debt and general macroeconomic stability.”
Source : See details Article here
According to a study from PRUDENTIAL REAL ESTATE in 2013: Economic Resilience: Indonesia weathered the recent Global Financial Crisis with less collateral damage than expected.
South East Asia’s location boosts its prospects for luring tourists. First, China’s 1.3 billion residents live immediately to the north. As China’s affluence grows, so too will outbound tourism, possibly on a large scale. “Interest rates and inflation are under control, and while GDP is growing at around 6.5 percent annually, foreign direct investment is increasing at a much higher rate—39 percent in the first half of this year.”
“It’s really boom times in Indonesia now, and everyone is looking at it very aggressively.”
– PriceWaterHouse Coopers
”Over the past decade or so, Indonesia has had the lowest volatility in economic growth among any advanced economy in the Organisation for Economic Co-operation and Development (OECD) or the BRICs (Brazil, Russia, India, and China) plus South Africa.