Indonesian Political, Business & Finance News

No change to RI's rating: S&P

| Source: AP

No change to RI's rating: S&P

SINGAPORE: Standard & Poor's Corp. does not plan to change its
credit rating for Indonesian sovereign debt, said Agost Benard, a
director of sovereign and public finance ratings at S&P in
Singapore.

"For the ratings on the sovereign debt, we're not considering
any changes to the rating or to the outlook," Benard said in a
telephone interview.

Indonesian President Susilo Bambang Yudhoyono is struggling to
gain investors' confidence after the rupiah fell the most in 15
months on Wednesday, reaching its lowest level in more than three
years.

S&P lifted the nation's long-term foreign- currency rating one
step to B+ in December. -- Bloomberg

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