Fitch Ratings said on Thursday it may not wait 12 months to upgrade Indonesia's sovereign rating to investment grade, though weak infrastructure in the country was the key risk to any upgrade.
Fitch last month upgraded the country's outlook to positive from stable because of strong economic growth and falling debt, and said favourable prospects meant its credit profile was likely to strengthen further over the next 12 to 18 months.
"We're not saying we will wait definitely 12 months," said Andrew Colquhoun, head of Fitch's Asia-Pacific sovereign ratings, at a briefing in Jakarta.
The positive outlook from Fitch put Indonesia a notch away from an upgrade to BBB-, an investment grade status that would put it on a par with BRIC nations such as China. Source: Reuters
Fitch last month upgraded the country's outlook to positive from stable because of strong economic growth and falling debt, and said favourable prospects meant its credit profile was likely to strengthen further over the next 12 to 18 months.
"We're not saying we will wait definitely 12 months," said Andrew Colquhoun, head of Fitch's Asia-Pacific sovereign ratings, at a briefing in Jakarta.
The positive outlook from Fitch put Indonesia a notch away from an upgrade to BBB-, an investment grade status that would put it on a par with BRIC nations such as China. Source: Reuters
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