JAKARTA, Indonesia — Moody’s has upgraded Indonesia’s credit rating due to increased confidence the government will maintain its recent track record of responsibly managing the national budget and interest rate policy.<\/p>\n
In a boost for President Joko “Jokowi” Widodo’s ambitious plans to carpet Indonesia with modern roads, ports, rail and airports, Moody’s Investors Service said state-owned enterprises taking on more debt to fund those projects does not pose a “significant risk.”<\/p>\n
The upgrade raised Indonesia’s sovereign credit rating to Baa2 from the lowest investment grade rating.<\/p>\n
A higher credit rating can reduce the cost of borrowing overseas and encourage foreign investment.<\/p>\n
Indonesia is Southeast Asia’s largest economy but still struggles with high levels of childhood malnutrition, low educational standards and widespread corruption.<\/p>\n","protected":false},"excerpt":{"rendered":"
JAKARTA, Indonesia — Moody’s has upgraded Indonesia’s credit rating due to increased confidence the government will maintain its recent track record of responsibly managing the national budget and interest rate policy. In a boost for President Joko “Jokowi” Widodo’s ambitious plans to carpet Indonesia with modern roads, ports, rail and airports, Moody’s Investors Service said […]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/5154"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=5154"}],"version-history":[{"count":1,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/5154\/revisions"}],"predecessor-version":[{"id":5155,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/5154\/revisions\/5155"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=5154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=5154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=5154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}