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Major Issues in East Asia Pacific, Monday, June 3, 2019

Major Issues in EAST ASIA PACIFIC Monday, June 03, 2019 INDONESIA S&P upgrades Indonesia’s credit rating. Global rating agency Standard & Poor’s upgraded Indonesia’s sovereign credit rating from BBB- to BBB. The improved rating was given to Indonesia for its “strong economic growth prospects” and prudent fiscal policy. “The sovereign ratings on Indonesia continue to be supported by the government’s relatively low debt and its moderate fiscal performance.” S&P said the country’s long-term rating may be raised again if
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