# Indonesia: S&P raises credit rating a notch to BBB | snaps | ING THINK

> 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.

- Date: 2019-05-31 · published 2019-05-31T12:00:00.000Z
- Category: macro · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/59371-indonesia-s-and-p-raises-credit-rating-a-notch-to-bbb-snaps-ing-think
- Commodities: [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

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.

## Read by commodity

- USDIDR: bearish ▼

## Sources

- think.ing.com: https://think.ing.com/snaps/indonesia-sp-raises-credit-rating-a-notch-to-bbb/

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