{
    "success": true,
    "data": {
        "id": 1094818,
        "msgid": "moodys-lowers-indonesian-rating-1447893297",
        "date": "2001-03-07 00:00:00",
        "title": "Moody's lowers Indonesian rating",
        "author": null,
        "source": "DJ",
        "tags": null,
        "topic": null,
        "summary": "Moody's lowers Indonesian rating HONG KONG (Dow Jones): Moody's Investors Service has changed the outlook for Indonesia's B3 foreign currency country ceiling and Caa1 foreign currency bank deposit ceiling to stable from positive. Moody's said Tuesday that a number of indicators showed an improving economic performance during 2000. Economic growth, at 4.8 percent, was a substantial increase from the depressed levels recorded previously.",
        "content": "<p>Moody's lowers Indonesian rating<\/p>\n<p>HONG KONG (Dow Jones): Moody's Investors Service has changed the<br>\noutlook for Indonesia's B3 foreign currency country ceiling and<br>\nCaa1 foreign currency bank deposit ceiling to stable from<br>\npositive.<\/p>\n<p>Moody's said Tuesday that a number of indicators showed an<br>\nimproving economic performance during 2000. Economic growth, at<br>\n4.8 percent, was a substantial increase from the depressed levels<br>\nrecorded previously.<\/p>\n<p>The fiscal deficit came in under the originally projected<br>\nlevel. Furthermore, the external accounts performed relatively<br>\nfavorably.<\/p>\n<p>Nevertheless, Moody's believes that the political problems<br>\nfacing Indonesia and their effect on economic management and on<br>\nthe relationship with official creditors indicate that it is<br>\nunlikely that the rating agency would upgrade Indonesia's ratings<br>\nin coming months.<\/p>\n<p>While external liquidity is adequate, it could deteriorate if<br>\nrelations with official creditors do not improve. Furthermore,<br>\nthe country's very high level of public sector debt in relation<br>\nto GDP means that there is little room for policy slippage.<\/p>\n<p>As a result of these factors, a stable outlook for the ratings<br>\nis more appropriate at this time, it added.<\/p>\n<p>Moody's also said it changed the rating outlook to stable from<br>\npositive on Sampoerna International Finance Co BV's senior<br>\nunsecured notes, guaranteed by PT Hanjaya Mandala Sampoerna.<\/p>\n<p>It said the change in outlook reflects its decision to change<br>\nthe outlook for Indonesia's B3 foreign currency country ceiling<br>\nand Caa1 foreign currency bank deposit ceiling to stable from<br>\npositive.<\/p>\n<p>PT Hanjaya Mandala Sampoerna, headquartered in Surabaya,<br>\nIndonesia, is a leading cigarette company that manufactures and<br>\nmarkets the premium kretek brands in the country.<\/p>\n<p>Sampoerna International Finance Co BV, is a finance subsidiary<br>\nof Sampoerna.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/moodys-lowers-indonesian-rating-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}