# Indonesian firms face $4 billion debt wall as rupiah slides By Reuters

> Reuters reports that a weaker rupiah could expose Indonesian companies to about $4 billion of foreign-currency debt next year. Moody's downgraded several property and tyre firms, and the rupiah has lost about 15% this year, its weakest since 1998.

- Date: 2020-04-03 · published 2020-04-03T12:00:00.000Z
- Category: macro · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/53942-indonesian-firms-face-4-billion-debt-wall-as-rupiah-slides-by-reuters
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Corporate balance-sheet stress could curb spending and import demand in Indonesia while raising the local cost of dollar-denominated inputs. Currency weakness of this scale raises the cost of imported feed and feed ingredients.

## Read by commodity

- USDIDR: bullish ▲

## Sources

- investing.com: https://www.investing.com/news/stock-market-news/indonesian-firms-face-4-billion-debt-wall-as-rupiah-slides-2129931

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.