Video: S&P and MSCI in Focus, Can IHSG and Rupiah Continue to Strengthen?

Amidst the pressure of global uncertainty, Indonesia’s financial market received positive news from S&P Global Ratings, which maintained the country’s sovereign credit rating at BBB for the long term and A-2 for the short term with a stable outlook. CNBC Indonesia Managing Editor Ayyih Achmad Hidayah described the S&P Global Ratings assessment as positive news for Indonesia, as it can provide confidence for global investors to re-enter the Indonesian financial market. Furthermore, this assessment will make government debt spending more efficient due to more competitive interest rates. On the other hand, the Indonesian capital market is still facing a number of pressures, primarily related to the issue of Indonesian stock data transparency, so it is hoped that the transformation efforts by the exchange authority can have a positive impact.