Indonesia cbank eyes investment grade after Fitch positive outlook

 Indonesia's central bank said on Thursday Fitch decided to upgrade the country's sovereign rating outlook to positive from stable, reflecting a higher probability to reach an investment grade rating.

"According to Fitch analysts, a positive outlook reflects higher probability for Indonesia's sovereign rating to get an upgrade within 12-18 months," spokesman Difi A. Johansyah said in a statement to reporters, just minutes before the rating agency moved to a positive outlook for Indonesia. Source: Reuters