Moody's and S&P Spotlight Indonesia's Commodity Export Policy - BCA Sekuritas

Moody’s on Thursday said that the government’s plan to centralise commodity exports is negative for the mining sector and increases the risk of market distortion. The rating agency noted the measure could support inflows of foreign exchange and the rupiah, but could affect investor sentiment toward policy more broadly. S&P Global Ratings stated on Thursday that Indonesia’s plan to centralise commodity shipments could hurt its exports, depress government revenues, and affect the country’s balance of payments. These factors create greater downward pressure on Indonesia’s S&P rating, the agency said in a statement. (end/Moody’s/Reuters) Related Research Related News