Rating upgrade likely: Minister<\/p>\n
Indonesia's credit ratings will likely improve if the upcoming
\npresidential elections run smoothly, Coordinating Minister for
\nthe Economy Dorodjatun Kutjoro-Jakti said on Tuesday.<\/p>\n
\"I'm optimistic that our rating will increase to B-plus,\" he
\nsaid in a convention, referring to Standard & Poor's rating on
\nIndonesia.<\/p>\n
In October last year, Standard & Poor's Ratings Services
\nupgraded Indonesia's foreign currency debt rating by one notch to
\nsingle-B, citing the country's improved macroeconomics picture
\nand progress in trimming the state budget deficit.<\/p>\n
Dorodjatun said a ratings upgrade will help boost foreign
\ninvestment, which has been in the doldrums due to political
\njitters, legal uncertainties and a corrupt judicial system.<\/p>\n
S&P had said a ratings upgrade is being held back by some
\nuncertainty over this year's landmark elections, as well as
\ncontinued difficulty in attracting foreign investment that the
\ncountry needs to boost economic growth.<\/p>\n
Legislative elections earlier this month were peaceful, but
\nsome analysts are still not ruling out the possibility of street
\nviolence in the run-up to the direct presidential elections in
\nJuly.<\/p>\n
Moody's Investors Service has a B2 foreign currency debt
\nrating on Indonesia, while Fitch Ratings rates Indonesia B+. --
\nDow Jones<\/p>",
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"sponsor": "Okusi Associates",
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