Indonesia Debt Ratings Raised by Moody’s on Economy

Indonesia’s sovereign debt ratings were raised to the highest level in 11 years by Moody’s Investors Service after Southeast Asia’s largest economy avoided following its neighbors into recession.Moody’s lifted Indonesia’s local and foreign-currency rating one level to Ba2, the company said in a statement today, citing the economy’s “resilience to the global recession.” That’s two levels below investment grade and on a par with Guatemala, Armenia and Jordan.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aRw.DZB2q5Y4
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