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PERSDA / bian HARNANSA
Agus Martowardojo.
JAKARTA, KOMPAS.com - Moody's Investors Service plans to increase the ranks of Indonesia. Responding to the plan, the Minister of Finance, Agus Martowardojo, states, Indonesia's ranking well-deserved rise due to current economic performance went well
Agus rate, economic performance began to increase after the global crisis was over. Therefore, said Agus, if Moody's increased rating of Indonesia, the government would welcome and be grateful.
According to Agus, good economic performance it looked in the balance of payment or balance of payments and balance of trade or trade balance. International reserves also increased. The position of the current foreign exchange reserves have reached 93 billion U.S. dollars.
In addition, said Agus, controlling inflation and efforts to manage the subsidy can also be a factor leading to higher ranked. "It's already a pre-condition for us to be able to receive increased ratings," said Agus after plenary cabinet meeting at the office of President, on Thursday (02/12/2010).
Just for the record, previously, Moody's has set a bond rating of Indonesia at the level of Ba2. This position is only worth two levels below investment ratings or investment grade.
Agus added that if Indonesia can enter the Investment grade level, government bond yields to be lower. In other words, if re-issued debt securities, the interest we pay is getting cheaper. (Hans Henricus / KONTAN)
Friday, December 3, 2010 11:05 pm
Source: KONTAN
Editor: ErlanggaDjumena
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