Indonesia’s Baa3 Rating Affirmed: Moody’s Reviews Pertamina and Energi Mega Reviewed for Downgrade

Moody’s Investors Service has affirmed the Government of Indonesia’s Baa3 issuer rating with a stable outlook. The key drivers are 1) Indonesia will maintain its strong balance sheet against the current backdrop of widening fiscal deficits and 2) policymakers will continue to effectively manage the risks from lower commodity prices and weaker growth to ensure the sustainability of Indonesia’s external payments position. In addition, Moody’s is reviewing 7 energy companies from South East Asia for downgrade on the back of sharp oil prices decline. Among those 7 companies include Pertamina and Energi Mega Persada Tbk (ENRG:IJ).

Mostly Positive Affirmation on Rating Front; Pertamina Affirmed at Baa3 Eventually

Bank BRI Issue Bond for Robust Expansion

Weekly Rating Action on Positive Note

The Government Assumes the Rupiah at the Level of 15,000 in 2019 State Budget

Italy Crisis affecting the Emerging Market Countries Exchange Rates