Indonesia regained “investment grade” status on Thursday, the first time the emerging democracy was awarded the coveted rating since the 1997 Asian financial crisis, the FT reports. Fitch said it was lifting Indonesia’s sovereign credit rating from BB+ to BBB-, citing steady economic growth, declining debt and general macroeconomic stability.

This entry was posted by Cardiff Garcia on Thursday, December 15th, 2011 at 21:19 and is featured in The Closer (15 Dec 2011) . Edit this entry.