Posted inAT Finance, Indonesia

S&P upgrades Indonesia sovereign rating to investment grade

Jakarta’s main stock index jumped more than 3% on Friday, following the move by Standard & Poor’s to lift Indonesia’s sovereign rating to investment grade, reports Reuters. Fitch and Moody’s awarded Indonesia the rating in 2011 and 2012, respectively. “Winning the investment grade title allows Indonesia access to a wider investor base. This rating upgrade […]