JAKARTA, Dec 1, 2010 (AFP) Ratings agency Moody's said Wednesday it is putting Indonesia on review for a possible credit rating upgrade thanks to its economic "resilience" and improved management of the national finances.
In a statement from Singapore, the agency said it was reviewing the government's Ba2 foreign and local-currency bond ratings after placing them on a positive outlook in June. An upgrade of one notch to Ba1 would leave Southeast Asia's biggest economy in "speculative grade" but just one rank below "investment grade", providing encouragement to foreign investors. Moody's cited Indonesia's economic resilience accompanied by "sustained macroeconomic balance", its healthy debt position and the central bank's improving foreign currency reserve adequacy. It also said the government's "policy framework remains increasingly well positioned to deal with evolving macroeconomic challenges and potential shocks". "We have now placed the sovereign credit ratings and country ceilings on 'Review for Possible Upgrade' as the economic recovery is being sustained alongside well managed external accounts and reasonably good inflation fundamentals," Moody's Vice-President Aninda Mitra said. He said improved foreign currency reserves and falling government debt were "reducing risk perceptions and encouraging greater inflows of foreign direct investment and long-term capital". Monetary stability and policy flexibility were also helping to reduce the inflation risks associated with sharply increased inflows of foreign capital in recent months. Steady monetary policy to keep a check on inflation, which rose to a higher-than-expected 6.33 percent in November, would be one criteria for a positive review outcome, Mitra added. Indonesia is forecasting growth of around 6.0 percent this year after emerging almost unscathed from the global financial crisis, thanks to surging domestic demand and commodities exports. "We're on the right track. It's only a question of time when Indonesia will receive the investment grade from the rating agencies," IndoPremier Securities fund manager Suherman Santikno said. --- On Tue, 11/30/10, onal <[email protected]> wrote: From: onal <[email protected]> Subject: [saham] Re: Fw: [StockForex] Hedge Funds Flock Back to Asia To: [email protected] Date: Tuesday, November 30, 2010, 10:41 PM i hope it ..... a good news. ^_^ --- In [email protected], "RonaLd. W e-Mail®" <onal...@...> wrote: > > > Sent from my BlackBerry® > > -----Original Message----- > From: MeLinda MeLisa <allpaidmoni...@...> > Sender: [email protected] > Date: Wed, 1 Dec 2010 13:35:57 > To: <[email protected]> > Reply-To: [email protected] > Subject: [StockForex] Hedge Funds Flock Back to Asia > > Hedge Funds Flock Back to Asia > > > 01-Dec-2010 > > HONG KONG — Global hedge fund managers are beefing up their presence > in Asia, particularly Hong Kong, in the hope of raising more capital > amid a swell of investor interest in the region. > > Bloomberg News George Soros, chairman of Soros Fund Management LLC. > The hedge-fund firm opened its Hong Kong office in November. > > Among the big names hanging out their shingles in Asia are Soros Fund > Management LLC, Viking Global Investors and GLG Partners LP. D.E. Shaw > recently said a member of its six-person executive committee is moving > to Hong Kong and Maverick Capital, Ltd. raised the number of analysts > in its Hong Kong office to four in August. > > David Gray, head of prime services for UBS AG in the Asia-Pacific region. > > > > Read Full Story: http://marketpin.blogspot.com/ > > > ------------------------------------ > > ## StockForex ## > _________________ > ::Forum:: All about Forex and Stock Trading ; all currency pairs. > All Major World Indices, Asian Stock Index. and Individual/single stock. > We're not goin' anywhere > Well, it's all right here. Enjoy it !! :) > _________________ > http://finance.groups.yahoo.com/group/StockForex > Yahoo! Groups Links >
