Loading…
S&P Global Ratings affirmed Indonesia's BBB investment-grade rating with a stable outlook on Tuesday. The agency flagged fiscal uncertainty tied to the incoming government led by Prabowo Subianto.
Fiscal uncertainty can weigh on the rupiah and raise borrowing costs, which indirectly affects import costs for Indonesian feed buyers, though the rating affirmation limits the risk.
reuters.comJul 30, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
