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S&P raised Indonesia's foreign currency sovereign rating to BBB from BBB-, citing strong growth prospects and stable policy after President Jokowi's re-election. The 10-year government bond rose 0.35 points and the rupiah appreciated about 0.78% after the announcement.
Analysts still flag the current account deficit and trade-war exposure as risks.
The upgrade improves capital inflows and supports the rupiah, which lowers import costs for feed ingredients priced in dollars, though external trade-war pressure may limit gains.
think.ing.comNicholas Mapa Senior Economist, PhilippinesMay 31, 2019Not 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.
