RI rating kept by debt relief<\/p>\n
HONG KONG (Dow Jones): The possibility of Indonesia seeking
\nmore debt relief from international creditors is one factor
\nkeeping its sovereign rating at triple-C-plus, according to a
\nreport by ratings agency Standard & Poor's Corp.<\/p>\n
In a report published in the latest issue of CreditWeek, the
\nratings agency says the duration of Indonesia's program with the
\nInternational Monetary Fund, and potential extensions of that
\nprogram, \"may leave scope\" for another round of Paris Club talks.<\/p>\n
Last September, Indonesia agreed with the Paris Club, an
\ninformal group of representatives of 17 creditor governments, to
\nreschedule an estimated US$1.2 billion of official development
\naid and US$3.0 billion of non-ODA principal repayments into
\nextended repayment schedules starting in 2002 and ending in 2019.<\/p>\n
The report also says Pakistan's rescheduling process, now
\nunderway, may be similar to that of Indonesia. Pakistan's
\nrescheduling is expected to result in a default this year on some
\nor all of its US$617.85 million in Eurobonds and floating-rate
\nnotes, rated double-C.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/ri-rating-kept-by-debt-relief-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}