Moody's raises Indonesia's bond ratings


  • Business
  • Thursday, 18 Oct 2007

SINGAPORE (AP) - Moody's Investors Service has raised Indonesia's bond ratings to reflect the country's record of fiscal prudence, ongoing structural reforms and sound policy management, the agency said in a statement Thursday. 

The agency raised the government's foreign and local currency bond ratings one notch to Ba3, three rungs below investment grade, from B1. 

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